Stephen Richards, the former head of sales at
CA Inc, the company formerly
known as Computer Associates
pay $29.7m (£15m) in restitution for his role in the $2.2bn (£1.1bn) accounting
scandal at the software company.
The agreement was approved by a US federal court this week after Richards
pled guilty in April last year to conspiracy, securities fraud, perjury and
obstruction of justice and was sentenced to seven years in prison in November.
While an enormous amount by most standards it pails in comparison to the
$800m that former CA chief
Sanjay Kumar was ordered to pay in April as part of an overall $1.02bn
restitution settlement with victims of the fraud.
CA restated its results for fiscal 2001 through 2004 after Kumar and Richards
left the company.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016