SEC
Whistleblower
Advocates

September 24, 2014

Saba Software, Inc., Patrick Farrell, Sajeev Menon

Financial Fraud

SANCTION AMOUNT: $1,904,638

Defendants: Saba Software, Inc.
Patrick Farrell, Sajeev Menon

Settlement of alleged accounting fraud in which managers based in the U.S. directed consultants in India to either falsely record time that they had not yet worked, or purposely fail to record hours worked during certain pay periods to conceal budget overruns from management and finance divisions. This resulted in revenue misstatements over a four-period, allowing Respondent company to achieve quarterly revenue and margin targets.

Thank you for submitting some email to us.