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Ex-Autonomy CFO Gets 5 Years For Fraud In Sale To HP

Law360, San Francisco (May 13, 2019, 10:18 PM EDT) -- A California federal judge sentenced Autonomy Corp.'s former chief financial officer on Monday to five years in prison and $4 million in fines for orchestrating an accounting fraud scheme that led Hewlett-Packard to overpay for the British software company by billions.

U.S. District Judge Charles Breyer's sentence for Sushovan Hussain fell far short of what government prosecutors had sought: an above-guidelines term of 12 years behind bars and more than $1.7 billion in penalties.

Judge Breyer declined to order restitution, saying that while the losses were "enormous," he did not think he could quantify restitution in a fair way. He did, however,...

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California Northern

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November 10, 2016

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