Feeds

Disgraced Cisco exec gets five years jail

Fall from grace

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Disgraced former Cisco Systems executive Robert Gordon will spend next Christmas behind bars after receiving a five-and-a-half year sentence last week for fraud and insider dealing.

Gordon, 43, a former vice president and director of business development at Cisco, masterminded an elaborate scam involving diverting $50 million of Cisco-owned stock through overseas accounts he controlled. In July he pleaded guilty to two counts of wire fraud, and one charge of using inside information to make an illicit profit from stock deals.

At a sentencing hearing last Friday, US District Judge Jeremy Fogel rejected Gordon's arguments that mental health problems warped his judgement and lead him into launching his criminal career. In court papers, the defence submitted evidence that Gordon was a schizophrenic who, as a child, witnessed his mother's attempt to kill his father.

He is to begin his sentence next March.

Gordon's fall from grace began in April 2001, when Cisco fired him after an internal investigation that established his wrongdoing. A month later he was indicted by a Grand Jury accused of stealing $20 million from Cisco. Gordon initially denied all the charges against him.

Last April, he went on the run for a month after missing a court hearing. Hunted by the FBI (who issued a warrant for his arrest), Gordon was eventually arrested at Santa Barbara hospital after a failed suicide attempt. He was transferred to a psychiatric unit at a Mountain View hospital, where he remained under federal custody.

Gordon has paid Cisco $18 million, and around $7 million in fines and restitution to the US government. Had he not made partial amends for his crime, Gordon might have been looking at an even longer jail term. ®

Related stories:
Cisco exec pleads guilty to $50m fraud
Prison suicide watch for ex Cisco exec
FBI hunts ex-Cisco exec

Secure remote control for conventional and virtual desktops

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Seattle children’s accelerates Citrix login times by 500% with cross-tier insight
Seattle Children’s is a leading research hospital with a large and growing Citrix XenDesktop deployment. See how they used ExtraHop to accelerate launch times.