Dozen years in the slammer for former CA chief exec
By Frank Washkuch on Nov 3, 2006 7:17PM
The former chief executive of anti-virus software vendor CA was sentenced to 12 years in federal prison this week for his role in an accounting scandal at the company.
U.S. District Judge I. Leo Glasser also fined the former head of the Islandia, N.Y. company $8 million. The 44-year-old pleaded guilty in April to charges that included conspiracy, securities fraud and obstruction of justice. Kumar improperly stated company revenue from 1999 to 2000 to meet investors' expectations and then lied to federal investigators about his actions, according to wire reports. "I know that I was wrong and there was no excuse for my misconduct," Kumar told the court, according to published reports. "I've tried my best to work hard, help others in need and be a good family man." CA, which had been known as Computer Associates International until earlier this year, restated its results from 2001 to 2004. CA announced in August that it was laying off 1,700 employees after the company reported a 64-percent fall in first-quarter net income. Click here to email Frank Washkuch Jr.
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