Reuters has the story.
James Treacy, a former president and chief operating officer at the company, and Anthony Bonica, a former controller, were accused of benefiting from the fraudulent scheme, including the receipt and exercise of backdated option grants, according to the complaint.
Ouch.
Update: A full breakdown of the legal doc is here.

Start-up RiseSmart is trying its hand at mashing-up a $100K job board and a candidate sourcing service, dubbed Recruiter Concierge.
According to a company release,
Screened candidates are delivered to the client the same day a requisition with Recruiter Concierge is opened. Clients may access resumes and provide immediate feedback to their concierge via […]

Sources tell us all but 15 people were laid off at start-up itzbig this week. We’re trying to get an exact number of people who are now looking for work as a result.
Additionally, the number of execs who have apparently or definitely disappeared from the organization recently, including founders Hank Stringer and Jim Hammock, plus […]

In case you missed it, three employment-related sites have made it onto Silicon Alley Insider’s Top 25 most valuable digital start-ups, dubbed SAI 25. Another is close to breaking into the group.
They are:

No. 3 - Craigslist ($5 billion)
No. 8 - LinkedIn ($1.3 billion)
No. 16 - TheLadders ($500 million) (and SAI advertiser)
Knocking on the door […]

Although it has yet to launch, Beaker.com will be familiar with many in the recruitosphere for the simple fact that the indelible Josh Akers of Workfarce fame left a cushy job at JobCentral to join the start-up.
Curiosity piqued, we grabbed Beaker.com CEO Jeffrey Clark for the skinny.

P.S. For the latest […]

TechCrunch reports Monster Worldwide (MNST) is laying off 30-35 employees from Tickle, a site it bought in ‘04 for about $94 million. Its future?
The Tickle site will change focus once absorbed by Affinity Labs, although just how is yet to be seen. All layoffs will be complete by the end of June; employees were told […]

The end of the road may officially be near for Google Base.
Two years ago, Google started integrating a secondary search box into job query results that would then take users to job listings on Base. Knowing how much job board traffic is (or can be) driven by search engines, I (and I wasn’t alone) believed […]