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: Legal Pad | LAFormer Peregrine VP sentenced in financial fraud case
By Richard Binder
Jeremy Crook, the former vice president for Peregrine Systems sales in Europe, Middle East and Africa, was sentenced to 27 months in custody for his part in a scheme that destroyed the software maker once valued at $4.72 billion.
Crook was indicted in 2004 on a variety of felony charges involving a conspiracy to inflate the company?s quarterly revenues in order to meet financial targets and maintain the firm?s stock price. He was the 14th person sentenced in connection with the fraud investigation at Peregrine.
A British citizen, Crook contested his extradition to the United States for several years before arriving here in 2006. He pleaded guilty six weeks before he was scheduled to go on trial.
Full post as published by Legal Pad | LA on May 05, 2009 (boomark / email).
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