Bloomberg Tax
Aug. 27, 2020, 12:09 AM

Autonomy’s Ex-CFO Loses Appeal Over Wire Fraud Convictions

Porter Wells
Porter Wells

Autonomy Corp.'s former U.K.-based chief financial officer failed to convince the Ninth Circuit Wednesday that he was unlawfully convicted of wire fraud based on an extraterritorial application of U.S. law, as his misuse of interstate communications involved contacts in California.

The U.S. government presented extensive evidence at trial that Sushovan Hussain and his co-conspirators used “sophisticated tactics” to artificially inflate the software company’s revenue ahead of its 2011 acquisition by Hewlett-Packard to the tune of $11 billion, Judge Daniel A. Bress said for the U.S. Court of Appeals for the Ninth Circuit.

The purchase price of the company that now ...

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