In Pictures: Hard time, 10 Tech CEOs sent to the s...
Sanjay Kumar, Computer Associates
Sanjay Kumar pleaded guilty to accounting fraud committed while CEO of Computer Associates (now CA). Fraudulent practices included the 35-day month, in which income in one quarter is supplemented with revenue from the next in order to meet Wall Street expectations. The practice resulted in a $2.2 billion fraud case that damaged the company and won Kumar a 12-year sentence to federal prison in New Jersey. Once there he started pointing fingers at others within the company, but no charges resulted.
In Pictures: Hard time, 10 Tech CEOs sent to the slammer