Criminal
May 1, 2018
Former Autonomy CFO convicted on 16 fraud charges
A jury convicted Autonomy Corp. PLC’s former chief financial officer on all 16 counts of wire and securities fraud Monday. The jury agreed with federal prosecutors who claimed that Sushovan Hussain, a British citizen, helped cook the books at the UK tech company to make it a more appealing acquisition target for Hewlett-Packard Co.
A jury convicted Autonomy Corp. PLC's former chief financial officer on all 16 counts of wire and securities fraud Monday. The jury agreed with federal prosecutors who claimed that Sushovan Hussain, a British citizen, helped cook the books at the U.K. tech company to make it a more appealing acquisition target for Hewlett-Packard Co.
The 2011 deal resulted in a $16 million bonus for Hussain, but the acquisition was a disaster for HP...
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