While the financial media, led by Jim Cramer, continue to ignore the options backdating scandal, it continues to grow. We are not talking nickels and dimes here folks. From Broadcom's press release: Broadcom (BRCM : broadcom corp cl a News , chart, profile, more 10:25am 09/08/2006 Delayed quote BRCM25.66, -0.77, -2.9%) said compensation expenses it records related to historical stock option grants will be at least double its previous estimate, "and could be substantially more," after additional accounting issues were identified. The Irvine, Calif. semiconductor company said it would also have to restate financial results from 1998 to 1999. On July 14, the company had said it would record stock-based compensation expenses of more than $750 million, as well as restate results from 2000 to 2005 and the first quarter of 2006 to correct the accounting of stock option grants to employees. Broadcom said it has been informally contacted by the U.S. Attorney's Office of Central California, and that it continues to cooperate with the U.S. Securities and Exchange Commission's informal inquiry into its previous accounting for stock option grants. ************************************* To put it into english, they previously said they had backdated 750 million worth, now they are saying at least twice that and possibly a lot more. So we are talking minimum of 1.5 billion with a B. This is only one company, not a real big one at that, and apparently their accounting records are so bad they can't just look up how much. Here's a suggestion to speed things along. Look up all the options grants for top exec's and just assume they were all backdated. Once you start this sort of thing, it's kind of hard to stop, free money being so attractive and all. I don't understand why the SEC is treating this so lightly. This is fraud on a massive scale. People should be going to jail in large numbers, but it appears this will be another sweep under the rug operation. And they wonder why people prefer to buy real estate to stocks.