Computer associates backdating contracts
Computer associates backdating contracts - xxxlifam iu animal
On September 22, 2004, the Securities and Exchange Commission filed securities fraud charges against Computer Associates International, Inc., and three executives; Sanjay Kumar – CEO and Chairman, Stephen Richards – Executive Vice President, Ira Zar – Chief Financial Officer and Steven Woghin The Commission's complaint against Computer Associates alleges that, based on this conduct, the company violated Section 17(a) of the Securities Act of 1933 ("Securities Act"), Sections 10(b), 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Securities Exchange Act of 1934 ("Exchange Act"), and Rules 10b-5, 12b-20, 13a-1 and 13a-13 thereunder.The Commission's complaints against defendants Kumar, Richards and Woghin allege that, based on this conduct, they violated Section 17(a) of the Securities Act, Sections 10(b) and 13(b)(5) of the Exchange Act, and Rules 10(b)-5 and 13b2-1 thereunder.
Regardless of the reason, backdating a contract is illegal.Please help to establish notability by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond its mere trivial mention.If notability cannot be established, the article is likely to be merged, redirected, or deleted. Richards is a New Zealand-born technology industry business leader. Silverstein, who cooperated with authorities, could have faced five years in prison. Silverstein, who was CA’s senior vice president of global sales, pled guilty in January 2004 to obstructing justice when he lied to federal officials... Leo Glasser gave Silverstein probation and six months of supervised release.Beginning in 2007 he spent 44 months in Taft Correctional Institution in Taft, California, before being re-sentenced to time served in 2010.
Stephen Donald Richards was born in Lower Hutt, New Zealand on February 7, 1965 and is the oldest of three siblings.He remained in that position until his resignation in 2004.He was subsequently CEO of Meti Linx and then Vertigo Software in California from 2004-2006.Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.Law360, New York (January 29, 2007, AM EST) -- A former chief financial officer at Computer Associates involved in the .2 billion accounting fraud scheme that toppled the software company’s leadership has been sentenced to seven months of prison and seven months of home imprisonment after helping prosecutors. Financial Services Law360 UK provides breaking news and analysis on the financial sector.Free Consultation • Se Habla Español Lemon Law Auto Fraud serves the following California counties: Inyo, Imperial, Kern, Los Angeles, Mono, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Santa Barbara, Tulare, and Ventura. This material may not be published, broadcast, rewritten, or redistributed.