Computer associates backdating dating a female black belt

21-Nov-2019 21:45

Zornow said Richards would be deported from the United States, but it was unclear how long the process would take. prosecutors accused Kumar and other executives of manipulating earnings by backdating software contracts to make it appear there were signed license agreements for the quarter. District Court for the Eastern District of New York, No. The three-judge appeals court panel upheld the 12-year prison sentence of Sanjay Kumar, the former chief executive of the company on New York’s Long Island that changed its name to CA Inc CA. Kumar has petitioned the full court to reconsider the decision. Criminal charges against the company were dismissed in 2007, three years after it agreed to pay 5 million toward repaying shareholders.

Prosecutors said they considered indicting the company this year after the extent of its effort to obstruct their investigation became apparent. Zar, the former chief financial officer, have depicted a widespread conspiracy at Computer Associates to lie about the practice of backdating sales. But current and former Computer Associates employees have said that backdating was one of many accounting tactics used in the 1990's to overstate profits and inflate the company's growth rate. Kumar was the second-ranking executive, behind Charles B. Roberts also participated in a conference call with the SEC at the time, in which he implicated the controller.

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