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A little like mobile operators do with smartphones, they lock them down so you can't fit different components such as a graphics card (or a SIM from another provider in the case of a phone).

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Reyes began working full-time position at Convergent while taking evening classes in order to complete his degree.

After obtaining his degree, Reyes became an OEM sales representative for Convergent, then left to become Vice President of Sales and Support at Banyan Systems, a networking and data communications software firm.

After graduating from high school, Reyes attended Saint Mary's College of California in Moraga, CA, where he obtained a degree in Business Administration in 1984.

During his studies there, Reyes obtained an internship with Convergent Technologies (Unisys) in its sales department.

Reyes, the former chief executive of the San Jose, CA-based data center infrastructure company, was found guilty on eight counts, including securities fraud and making false statements; however, he was acquitted on the charge of conspiracy.

This is the not the first case brought by the government against Reyes, who had been found guilty on 10 counts of backdating options in 2007, where he was fined million and sentenced to 21 months in prison.

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Executives at Broadcom, Mc Afee and Comverse Technology have been able to evade federal criminal charges, but the defense may have been overconfident in avoiding using witnesses on Reyes' behalf.While neither admitting nor denying the agency’s claims that Jensen and Canova were complicit in the massive backdating scheme at...Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.and dozens of lesser-known technology firms were implicated in the scandal. .) Read on to find out how the scandal emerged, what brought it to and end and what you can learn from it now.Options Backdating The essence of the options backdating scandal can be summarized simply as executives falsifying documents in order to earn more money by deceiving regulators, shareholders and the Internal Revenue Service (IRS).On appeal, that decision was overturned on the grounds the prosecution "made a false assertion of material fact to the jury during closing arguments," wrote .