News

Former CA CEO Gets 12 Years

Ex-CEO of Computer Associates sentenced to 12 years in prison in accounting fraud.

(New York) The former chief executive of Computer Associates International Inc. was sentenced to 12 years in prison and fined $8 million on Thursday for hir role in a massive accounting fraud scandal at software company.

Sanjay Kumar, 44, had faced up to 20 years behind bars after pleading guilty in April to obstruction of justice and securities fraud charges at the company, which since has become known as CA Inc.

Prosecutor Eric Komitee said Kumar deserved severe punishment as the architect of an elaborate coverup that was "the most brazen in the modern era of corporate crime."

"I know that I was wrong and there was no excuse for my conduct," Kumar, who is also a co-owner of the New York Islanders hockey team, told the judge at his sentencing.

Featured

  • The 2019 Microsoft Product Roadmap

    From the next major update to Windows 10 to the next generation of HoloLens, here's what's on tap from Microsoft this year.

  • 2019 Microsoft Conference Calendar: For Partners, IT Pros and Developers

    Here's your guide to all the IT training sessions, partner meet-ups and annual Microsoft conferences you won't want to miss this year.

  • New Features Added to Microsoft 365 Business Subscriptions

    Microsoft's productivity and collaboration plan for businesses with fewer than 300 users is getting two new features: conditional access security and trouble-ticket tools for administrators.

  • Microsoft Details 'Wave 2' Release Roadmap for Dynamics 365

    Microsoft this week announced its "Wave 2" product release plans for its Dynamics 365 enterprise resource planning solutions, as well as its Power Platform.