The former general counsel of Peregrine Systems, Richard Nelson, has been sentenced to one day in custody and six months of home detention for his role in alleged accounting fraud at the software firm. Nelson, who was general counsel of the San Diego technology firm until 1999, pleaded guilty in January to one count of bank fraud. In his plea deal, Nelson admitted that he failed to provide adequate information in order to obtain a $150 million bank loan for the company.
Former GC of Peregrine Systems Sentenced to One Day in Custody, Six Months of Home Detention
The National Law Journal
April 22, 2009