Criminal
May 14, 2019
Software financial chief sentenced to 5 years for fraud in $11B deal
The former chief financial officer of Autonomy Corporation PLC was sentenced to 60 months in prison after being convicted of conspiracy, wire fraud and securities fraud after reportedly defrauding Hewlett-Packard of $11.7B during its acquisition of Autonomy in 2011.
A former executive at Autonomy Corp. was sentenced Monday to five years in federal prison on a conviction of defrauding Hewlett-Packard Co. during the $11.7 billion acquisition of software company Autonomy.
For more than two years prior to the 2011 acquisition, Chief Financial Officer Sushovan Hussain, 55, used backdated contracts, round trips and channel stuffing to spike the company's revenue to make it appear as though it was gr...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In
