Clock backdating

But the government generally has to have a pretty good idea about what charges it might bring against a defendant before it can seek such agreements, meaning that it has to have done at least a cursory investigation.

Even then, defendants don’t always agree to them, and when they do, the so-called tolling agreements usually don’t last more than six months – a year at most, legal experts say.

I am currently working on a license manager using java, I will be specifying a start and end date for my application so I can force a licensed user to re-license the program after a certain amount of time.

But the problem I am facing is that any one can roll-back their system date and time in order to maintain the validity of license.

Under federal law, prosecutors typically have five years to bring charges of securities fraud.

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You can also check your last recorded time against any files your application writes-then-reads.But prosecutors can’t get the clock to stop permanently, and the re “There’s some room for creativity,” said another former federal prosecutor, who also asked not to be named. They want to go with the most solid theory they have.” The U. Department of Justice investigated alleged backdating at Brocade Communications Systems for 18 months before moving to indict former Chief Executive Greg Reyes.Indictments of officials at other companies could take a fraction of that time, in part because of concern about this legal ticking clock.Companies restate their financial results in new regulatory filings years after the fact.Many didn’t restate their results until the past six months or so to include the real cost of the backdated options.The answer is yes.” The five-year deadline also means that the government could soon lose the chance to file charges on some of the most egregious instances of backdating.There are ways around the deadline issue: The government can attempt to pause the clock, for instance, or file charges related to the backdating (for example, conspiracy or lying to prosecutors) if not on the backdating itself.Anyone have a solution that will disallow entering time for a previous day/week?Federal prosecutors investigating the backdating of stock options are bumping up against a legal deadline that will probably affect when they file charges and what charges they bring.Indeed, the pace of the overarching backdating investigation appears to have quickened.In recent days, federal prosecutors secured a guilty plea from a former executive at Monster Worldwide in a backdating case and are reportedly close to bringing similar charges against the former general counsel of Mc Afee. Attorney’s Office in San Francisco, declined to say whether the government felt pressured by the five-year deadline or if it would prompt quicker actions in outstanding cases.

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