Oh, How The Mighty Have Fallen: Scandals That Rocked The IT World


Sanjay Kumar, Former Chairman And CEO, Computer Associates (Now CA)

Sanjay Kumar, former chairman and CEO of CA, is currently serving a 12-year prison sentence for his involvement in a $2.2 billion accounting scandal in 2004.

Kumar in 2006 pleaded guilty to securities fraud and obstruction of justice charges in U.S. District Court in Brooklyn, N.Y. Also pleading guilty was co-defendant Stephen Richards, once a top CA sales executive.

Kumar was sentenced to prison in November 2006 for his involvement in the scandal. He started his sentence in August of 2007.

Kumar in 2008 implicated several current and former CA directors in the scandal, including Charles Wang, co-founder and former CEO of CA, and Alfonse D’Amato, a former U.S. Senator, saying they knew about CA’s fraudulent accounting practices and helped hide information from investigators.

 



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