Larry Rodda, a former principal and managing director of KPMG Consulting, has agreed to pay an $80,000 penalty to the Securities and Exchange Commission to settle charges that he deceived investigators over accounting fraud at Peregrine Systems.
The SEC charged Rodda in 2004 with aiding and abetting accounting fraud at Peregrine, a San Diego software company that Hewlett-Packard has since acquired. Rodda signed four bogus software license agreements that enabled Peregrine to record approximately $22 million in revenue from fiscal year 2000 to the third quarter of fiscal year 2002, according to the SEC complaint.
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