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Ex-CA Sales Chief Slapped With 7 Years In Prison

Law360 (November 14, 2006, 12:00 AM EST) -- The former sales chief at CA Inc. was sentenced on Tuesday to seven years in prison for taking part in a $2.2 billion accounting scheme to inflate the software company’s quarterly revenue through backdated sales deals.

U.S. Judge I. Leo Glasser handed down the prison sentence and three years of supervised release to Stephen Richards in the U.S. District Court for the Eastern District of New York. The judge did not impose a fine on Richards, partly because he did not appear he would be able...
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