Kumar Sentenced

Computer Associate's former CEO, Sanjay Kumar, sentenced for securities fraud

"In April, Kumar and co-defendant Stephen Richards, once a top CA sales executive, pleaded guilty to a nine-count indictment charging them with securities fraud, conspiracy and obstruction of justice, making false Securities and Exchange Commission filings, perjury and making false statements. The two men had originally pleaded not guilty.
The indictment was revised in July 2005 to include charges that Kumar authorized what amounted to a $3.7 million bribe in 2003 to keep a business client from disclosing CA's illegal accounting practices."

I've written about CA before, as has VARBusiness' Lawrence Walsh (scroll down a bit). What's sad is how easy it would have been to avoid this situation--for instance, by not breaking the law.

Posted by Joe Caponi at 01:13 PM, November 2, 2006

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By Joe Caponi
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