read the article
"The SEC said Rosenberg willfully violated anti-fraud provisions of the Investment Advisers Act of 1940. He agreed to the penalties without admitting or denying the SEC's findings.
The agreement comes seven months after a related Rosenberg firm, AXA Rosenberg, agreed to pay $242 million to settle charges."
he settled out of court and paid up the losses via another company..... therefore no jail time as no "crime" admitted..... Whilst the guys an arse for hiding the faulty software, hes coughed up fully for all losses.... quite unusual for a software vendor.....
Biting the hand that feeds IT
