Former Take-Two officers plead guilty

Former Take-Two CEO and founder Ryan Brant is no longer the only officer of the company to offer a guilty plea to charges stemming from the company's stock options scandal, according to a Bloomberg report. The company's former general counsel Kenneth Selterman and former chief accounting officer Patti Tay both plead guilty to falsifying business records.

While the charges Tay and Selterman plead guilty to were both misdemeanors, they are expected to be sentenced to more than just probation next month. Prosecutors expect Tay to be made to reimburse $300,000 to Take-Two when she is sentenced next month, Bloomberg reports. Selterman is expected to be sentenced to 200 hours of community service and a $50,000 fine (he already repaid the company "several hundred thousand dollars" before making his plea, according to the article).