Fred Anderson, Apple's Inc.'s (NASDAQ: AAPL) former CFO has settled charges that he did not properly oversee options grants. He has paid the SEC $3.5 million and did not admit or deny the allegations. The company's former general counsel still faces her day in court.

As a goodbye kiss to Apple, Anderson put out a statement that fundamentally accused Steve Jobs and the board of being the real bad guys.

Among the points he made:

"Fred relied on these statements by Mr. Jobs and from them concluded the grant was being properly handled."
"Mr. Anderson understood that the Board of Directors, which consisted of sophisticated corporate executives of national stature, including the former Chief Financial Officer of IBM, verified the January 17 date by signing in early February 2001 a Unanimous Written Consent."

Apple's stock is up slightly, which means that the market views Anderson's farewell as bitter grapes. But, the show may not be over.

Douglas McIntyre is a partner at 24/7 Wall Street.

Finger pointing at Apple originally appeared on BloggingStocks on Tue, 24 Apr 2007 15:00:00 EST. Please see our terms for use of feeds.