Former CA global sales head and expatriate New Zealander Stephen Richards is to be freed from prison in California after serving 44 months of a seven-year sentence. His sentence was reduced to time served following an appeal.
Stephen Richards and Sanjay Kumar both had close relatives working at CA during 2003 and 2004, according to filings by CA with the US Securities and Exchange Commission.
Stephen Richards, the New Zealand-born and raised former worldwide head of sales for CA, was sentenced on November 14 to seven years imprisonment for fraud and obstruction of justice.
The sentencing of CA’s former CEO, Sanjay Kumar, earlier this month was another chapter in one of the most extraordinary sagas in our industry’s history.
Sanjay Kumar, the former CEO of Computer Associate, pleaded guilty to financial fraud charges Monday when he appeared in federal court in Brooklyn, New York, according to a spokesman for the US attorney handling the case.