Valleywag: Steve Jobs Is in Jeopardy

"Although an internal Apple investigation appeared to clear Mr. Jobs of any wrongdoing in the backdating affair, it is “after all the S.E.C.’s view on his culpability that matters,” Nell Minow, an editor at the corporate-governance research firm Corporate Library, told Bloomberg.
Apple’s internal inquiry concluded that Mr. Jobs did not personally benefit from backdating.
But Valleywag calls that conclusion “bogus, and likely to insult investigators rather than assuage them.” "