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SEC brings civil charges against ex-Monster execs

NEW YORK
Wed Apr 30, 2008 11:18am EDT

NEW YORK (Reuters) - U.S. securities regulators filed civil charges against two former executives at employment listings website Monster Worldwide Inc MNST.O on Wednesday for allegedly engaging in fraudulent stock options backdating, according to court documents.

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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.

The complaint was filed in U.S. District Court in Manhattan by the U.S. Securities and Exchange Commission.

(Reporting by Martha Graybow, editing by Gerald E. McCormick)
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