Slammer Time for Ex-Brocade ExecSlammer Time for Ex-Brocade Exec

<a href="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/03/19/BUJ7VMJKF.DTL">San Francisco Chronicle</a>

Jim Manico, OWASP Global Board Member

March 20, 2008

1 Min Read
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Stephanie Jensen, Brocade Communications Systems' former director of HR, now faces four months in prison and a steep fine for stock-option backdating and cover-up.Jensen has been sentenced to four months in federal prison and fined $1.25 million for conspiring to backdate employees' stock options and conceal the effects on the storage networking product maker's finances. Her sentence comes two months after Brocade CEO Gregory Reyes, nailed by the San Francisco U.S. attorney's office and the SEC in the same investigation, received 21 months and a $15 million fine.

Prosecutors said Jensen conspired with Reyes from 2000 to 2004 to conceal the effect of backdating on Brocade's books while offering backdated options to attract talent in the competitive Silicon Valley market.San Francisco Chronicle

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About the Author

Jim Manico

OWASP Global Board Member

Jim Manico is a Global Board Member for the OWASP foundation where he helps drive the strategic vision for the organization. OWASP's mission is to make software security visible, so that individuals and organizations worldwide can make informed decisions about true software security risks. OWASP's AppSecUSA<https://2015.appsecusa.org/c/> conferences represent the nonprofit's largest outreach efforts to advance its mission of spreading security knowledge, for more information and to register, see here<https://2015.appsecusa.org/c/?page_id=534>. Jim is also the founder of Manicode Security where he trains software developers on secure coding and security engineering. He has a 18 year history building software as a developer and architect. Jim is a frequent speaker on secure software practices and is a member of the JavaOne rockstar speaker community. He is the author of Iron-Clad Java: Building Secure Web Applications<http://www.amazon.com/Iron-Clad-Java-Building-Secure-Applications/dp/0071835881> from McGraw-Hill and founder of Brakeman Pro. Investor/Advisor for Signal Sciences.

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