Ex-Computer Associates sales chief jailed
Seven years in jail after pleading guilty to financial fraud
Richards, 41, a New Zealander and former head of worldwide sales at Computer
Associates, has been sentenced to seven years in jail for his role in the
company falsely reporting hundreds of millions of dollars in revenue.
Richards pled guilty to financial fraud charges in April and was sentenced
this week to 84 months in prison followed by three years’ supervised release.
Richards and Sanjay Kumar both pleaded guilty to securities fraud charges
including falsely reporting hundreds of millions of dollars in revenue before
licensing agreements were finalized to beef up quarterly financial results.