Reply #16: Ex-Software Executive Sentenced to Prison - CA, Inc aka Computer Associates

[UpInArms]

http://www.nytimes.com/2006/11/15/business/15compute.html?ex=1321246800&en=0fcf5c90569683b1&ei=5088&partner=rssnyt&emc=rss

The former head of sales at CA Inc., the software company, was sentenced to seven years in prison yesterday for his role in a $2.2 billion accounting scandal.

The executive, Stephen Richards, 41, pleaded guilty to conspiracy, securities fraud, perjury and obstruction of justice in April, just two weeks before his trial was scheduled to begin.

His sentence was less than the 12-year term handed down this month to the former chief executive of CA, Sanjay Kumar, who pleaded guilty to the same crimes.

When imposing Mr. Richards’s sentence, Judge I. Leo Glasser of Federal District Court in Brooklyn said the former sales executive was a late participant in the fraud and did not deserve the same sentence as Mr. Kumar.

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