Richards, 41, a New Zealander and former head of worldwide sales at Computer
Associates, has been sentenced to seven years in jail for his role in the
company falsely reporting hundreds of millions of dollars in revenue.
Richards pled guilty to financial fraud charges in April and was sentenced
this week to 84 months in prison followed by three years’ supervised release.
Richards and Sanjay Kumar both pleaded guilty to securities fraud charges
including falsely reporting hundreds of millions of dollars in revenue before
licensing agreements were finalized to beef up quarterly financial results.
The application of robotics in finance functions is moving faster than predicted. Although, companies are cautious in how they are applying artificial intelligence to ensure results first, many are stepping up their investigations
EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Irish government
Carillion has announced the appointment of a new finance director as it reported a rise in first half profits and sales led by strong growth in its support services business
The UK inflation rate hit its highest level in almost two years in July, suggesting that the sharp fall in sterling following the UK referendum to leave the European Union is forcing prices up