The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area.

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1/15/2007
Peregrine Executives Sentenced in Fraud Probe
Michael Danny Whitt makes eight Peregrine Systems execs who've plead guilty in relation to the accounting fraud that afflicted the one-time jewel fo the San Diego-area software industry. Peregrine first acknowledged its problems back in 2002 and before the year was out the troubled firm was on the road to bankruptcy. Its remnants were purchased by Hewlett Packard. In case you are keeping score the other seven guilty pleas in the Peregrine case belong to:

Douglas Stephen Powanda

Ilse Cappel

Jeremy Crook

Steve Spitzer

John Burnham Benjamin

Richard T. Nelson

Matthew Gless
Several other Peregrine execs (some big fish among them) have plead NOT guilty, but you can look those up y'selves!

-- MDT

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