Although he committed stock option fraud on a massive scale, Ryan Brant has avoided prison time.
As reported by Bloomberg News, the disgraced former Take Two CEO copped a plea, cooperated with prosecutors and agreed to pony up $7.3 million to federal and state agencies.
Brant will also serve five years on probation.
It would appear that Brant’s cooperation may have helped lead prosecutors to a pair of other Take Two employees. Former General Counsel Kenneth Selterman and ex-Chief Accounting Officer Patti Tay also plead guilty.
Brant, 35, told the judge:
I’m deeply sorry for my role as an executive in the company and my role in the options dating process.
GP: It’s disheartening to see a guy who stole millions of dollars avoiding jail. We’ll bet the ranch that some of the little fish caught up in last week’s mod chip sweep end up doing time.