Notes:-
- Stephen Richards had served 44 months after pleading guilty in 2006.
- A federal appeals court ordered that he be resentenced because the of the district judge .
- Prosecutors had alleged that former CA chief executive Sanjay Kumar, Richards and other executives.
- Kumar was sentenced to 12 years after he pleaded guilty to securities fraud.
Summary:-
THE former sales chief for computer Associates has been resentenced to time served after an appeals court challenged the executive's seven-year prison sentence. Stephen Richards had served 44 months after pleading guilty in 2006 to a scheme to artificially boost the software maker's quarterly revenue through backdated sales contracts. The 45-year-old is in a custody at Taft Correctional Institution in California. In August, a federal appeals court ordered that he be resentensed because the district judge failed to give Richards credit for accepting responsibility for his actions. The company, formerly known as Computer Associates, agreed to pay $US225 million to shareholders as part of a deal with prosecutors in September 2004.
Good example of an appeal and resentencing but do your reflection as well.
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