FalconStor is paying $5.8 million to settle criminal and civil charges for bribing JP Morgan Chase to buy the vendor’s...
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
software. FalconStor CEO Jim McNiel said that after 18 months of “wrangling with authorities” to clear its name in the wake of the bribery scandal, the company can now focus on revamping its backup software and services.
Download for later:
- Internet Explorer: Right Click > Save Target As
- Firefox: Right Click > Save Link As
According to information the U.S. Securities and Exchange Commission released along with the settlement, late former FalconStor CEO ReiJane Huai, along with two sales employees, had paid JP Morgan employees more than $300,000 in bribes from 2008 to 2009, in exchange for the purchase of the vendor’s software and services.
Also on Storage Radio
Dell’s roadmap for Fluid Cache, data reduction: Executive director of storage strategy Carter George outlined Dell’s SSD strategy at Dell Storage Forum 2012. He discussed the Fluid Cache PCIe card and Fluid Cache appliance and how they might be an answer to what EMC is currently doing with server-based flash. Dell also is working on plans to integrate Ocarina’s data reduction into its storage arrays and servers, according to George.
Avoid “storage infrastruggle”: At Storage Decisions Chicago last week, storage consultant Jon Toigo looked at how users can avoid “storage infrastruggle” when managing storage infrastructure. Toigo ran down a list of trends affecting today’s storage systems and how management can be improved through key steps such as proactive capacity growth and space reclamation strategies.
DataCore SANsymphony-V aims for cloud: From the Storage Soup blog, read about DataCore’s launch of SANsymphony-V 9, storage virtualization software that’s more suited to large data centers and cloud computing than previous versions of the product. SANsymphony-V has new or expanded features such as automated disk pooling, auto-tiering, synchronized mirroring, disk migration and load balancing.
Alaska health department settles case for $1.7 million: From the Web, there’s news about how the Alaska Department of Health and Social Services has had to settle a security case on possible violations of the Health Insurance Portability and Accountability Act (HIPAA) of 1996 Security Rule by paying the U.S. Department of Health and Human Services $1.7 million. Investigations began after the agency submitted a breach report that indicated the theft of a USB hard drive that possibly contained electronic protected health information (ePHI) of Medicaid beneficiaries.