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Mc Guire was fined million In December 2000, Dr. Mc Guire made a .2 MM gift to the University of Florida to construct and establish the Mc Guire Center for Lepidoptera Research and the Mc Guire Center for Insect Conservation.

Marc Ward Although backdating can be either legitimate or improper, it is often misunderstood and associated with wrongdoing.

Typically this type of backdating occurs when the beneficiary of the backdating can reap some sort of tax or other benefit if the event had occurred on the earlier date.Sometimes the law governing the event is ambiguous, and other times the facts surrounding the event are unclear.Often a contract arises through a series of negotiations, and the exact time at which the agreement is reached may not be clear.Determining the date of an event is further complicated by ambiguous records, limited recollections and the reliance on the recollections or statements of others.Moreover, at times fabricated backdating can be innocuous when no third party’s rights are adversely affected and no law is violated, and other times backdating that memorializes can be problematic if it misleads a court to believe the document was executed on the date the event occurred. In order to mitigate your risks, you should always disclose your use of backdating by either identifying the date of execution or by utilizing “as of” dating.

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