Jailed Ex-CA Inc. Exec To Pay $29M: Report

Law360 (June 5, 2007, 12:00 AM EDT) -- Imprisoned former CA Inc. sales chief Stephen Richards has reportedly agreed to pay $29.7 million in restitution after pleading guilty last year to criminal charges for his role in a $2.2 billion accounting fraud scandal at the company.

Richards, who is currently serving a seven-year prison sentence at the Taft Correctional Institution in Taft, Calif., has reached a $29.7 million deal with prosecutors, Dow Jones reported Tuesday.

An attorney for Richards said in court documents filed May 30 that Richards was expected to reach an agreement...
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