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.
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars
Tallat Mahmood appointed to corporate finance team of Top 20 firm
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes