Kumar, ex-CEO of CA pleads guilty

Sanjay Kumar, the co-owner of the New York Islanders and former CEO of Computer Associates International Inc., pleaded guilty Monday to obstruction of justice and securities fraud charges in a massive accounting scandal at the Long Island-based software company. He is definitely guilty of not shaving his moustache for his arraignment. According to a 2004 indictment, Kumar was so involved with adding false revenue to a financial quarter even after it closed that he flew on a corporate jet to Paris in July 1999 to finalize a $19 million deal and signed a contract that had been backdated. The indictment also charged that executives instructed salespeople to complete deals after the quarter had closed – a practice known within the company as the “35-day month” and “cleaned up” contracts by removing time stamps from faxes.

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