The U.S. Justice Department on Friday said that it indicted Louis Tomasetta, founder and former chief executive of Vitesse Semiconductor Corp. and Eugene Hovanec, a former executive vice president, on charges of securities fraud.

Tomasetta and Hovanec were fired in May 2006 from the Camarillo chipmaker. In the new federal indictment, the men were accused of conspiracy to manipulate the company’s financial statements, making false entries in records, and making false filings with the Securities and Exchange Commission.

Two other former company executives, former chief financial officer Yatin Mody and former accounting director Nicole Kaplan, recently pleaded guilty as part of the case, the Justice Department said.

Vitesse in a regulatory filing late Friday said it had finalized a settlement in which it agreed to pay $3 million to the SEC without admitting or denying wrongdoing. As part of the settlement, the company said Tomasetta, Hovanec and Mody agreed not to seek from Vitesse any future indemnification or defense costs related to government actions.

Vitesse was among several firms swept up in a 2006 investigation of options. Since then, the company underwent a restructuring. Its stock eventually was delisted from the Nasdaq.

Shares earlier closed up 4 cents, or less than a percent, to $4.40 on the Pink Sheets.