back to article While on his way to the clink, IT consultancy big cheese will cough up that $2.9m he embezzled

The former CEO of IT consultancy firm Quandrant 4 has agreed to pay back the $2.9m he embezzled from the now-bankrupt business, in a deal [PDF] that finally closes the book on a long-running case. Nandu Thondavadi signed an agreement this month with America's financial watchdog, the SEC, before he takes a trip to prison for a …

  1. Fatman

    "Permanent Bar" as officer?

    Doers that stop him from being one in a privately held company? Probably not.

  2. Intractable Potsherd

    Shell companies

    Is there any valid reason for shell companies to exist? Their sole purpose seems to be to obscure oversight and defraud people and governments.

    1. Mike Moyle

      Re: Shell companies

      You appear to have answered your own question.

  3. swm Silver badge

    On the other hand, someone who embezzles $50,000 dollars spends much more time in jail.

  4. T. USA

    Check out his daughter.

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