Skip Links

Network World

  • Social Web 
  • Email 
  • Close

Former CA chief reports to prison next week

By Matt Hamblen , Computerworld , 08/10/2007
  • Share/Email
  • Comment
  • Print

Sanjay Kumar, the former CEO of software maker CA, will report to federal prison Tuesday to begin serving a 12-year term for accounting fraud, his attorney confirmed.

While Kumar readies himself for prison, CA is awaiting federal court permission to sue former CA co-founder Charles Wang for damages related to accounting fraud started at CA in the late 1980s that lingered through 2004, a spokesman said Friday. A Special Litigation Committee at CA in April advised suing Wang, saying CA was embedded with a culture of fraud instilled by Wang, and that CA should seek court permission to move forward.

Wang, who apprenticed Kumar, retired from CA in 2002, has denied wrongdoing and has rejected the committee's recommendation.

Kumar, 45, was ordered by a federal judge in April to pay at least $52 million in restitution to investors by the end of 2008, part of a $1 billion restitution fund. CA paid $225 million of that total, leaving $798 million in restitution to Kumar.

Kumar's attorney, Lawrence McMichael of Dilworth Paxon in Philadelphia, said in an e-mail that Kumar would report Tuesday "as per our agreement with the government."

McMichael said the location of Kumar's imprisonment was confidential, but a June order by U.S. District Court Judge I. Leo Glasser sent Kumar to a minimum security federal prison camp in Fairton, N.J.

Federal Bureau of Prisons records do not indicate where Kumar will report. Fairton is described on the Bureau of Prisons Web site as a rural facility for men, with both a medium security facility and an "adjacent satellite prison camp housing minimum security offenders."

Fairton is in south central New Jersey, about 50 miles southeast of Philadelphia.

Glasser wrote in the June order that "there is no need for Mr. Kumar to be designated to a facility with greater than a minimum security designation," and waived a bureau of prisons policy that requires any sentence of more than 10 years to be served in a more secure prison.

McMichael had argued in a June memo to the judge that the prison security level waiver followed precedent with a judge's waiver for another high-profile white-collar convict, Bernard Ebbers, the WorldCom CEO convicted to 25 years in federal prison in 2005 for securities fraud and conspiracy.

  • Share/Email
  • Comment
  • Print
Partner Content

NetScout is one of the world's premier providers of integrated network and application performance solutions.

www.netscout.com

Know First

Get Proactive — Move from Troubleshooting to Monitoring to Management with nGenius K2's Service Dashboard & Intelligent Early Warning Alarms

Watch the Video

Know Where

Get Rapid Performance Problem Isolation with nGenius Performance Manager and Diagnose Problems up to 70% Faster!

Learn More

Know Why

Get the Details to Validate and Solve your Toughest Performance Issues with nGenius InfiniStream and Sniffer Intelligence Modules

Read the Whitepaper

Comment
Login
Forgot your account info?
Add comment
Anonymous comments subject to approval. Register here for member benefits.
Have a NetworkWorld account? Log in here. Register now for a free account.

Videos

rssRss Feed

Whitepapers

Overcoming Single Provider MPLS Limitations

In this whitepaper paper, Stratecast Partners reviews the limitations associated with a single...

Global IT Integration Strategies for Mergers, Acquisitions & Divestitures

One of the most critical success factors for a merger, acquisition or divestiture is how quickly...

Windows Vista: Necessity and Opportunity

The Vista era of Windows is here. Yet most organizations will retain Windows XP alongside new Vista...

Webcasts

Migrating to Windows Vista: Necessity and Opportunity

The Vista era of Windows is here. Yet most organizations will retain Windows XP alongside new Vista...

Turning information into a Competitive Advantage

Companies today are realizing that competitive advantage is harder to sustain when based solely on...

PoE Plus: Impact on the PoE Market

The standard for Power over Ethernet (PoE), IEEE Std. 802.3af(tm)-2003, advanced networking,...

Special Reports

Mapping a Successful Virtualization Course

Managing a newly virtualized environment can be tricky. Effectively deploy this technology with the...

Unified Threat Management from CheckPoint

Discover why Unified Threat Management Firewalls are ready for the enterprise today. High...

Closing the Loop: Extending Wireless LAN Security to Wireless Printers

Enterprises cannot overlook wireless printers when assessing network security. The print jobs and...

Get instant email notification when white papers, webcasts, executive guides are added to our library. Stay informed and up-to-date with the latest on IT Technologies with Network World's Resource Alerts.
Network World,to go. Wherever you are. Breaking news delivered to your mobile device. Select the hottest topics in networking and start receiving Network World on your mobile device today.