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scheduled to report to prison on
February 27, but that was delayed by two months due to delays in the restitution hearing. The start of the prison sentence was then delayed again, to November. However, in early June U.S. District Judge I. Leo Glasser ordered Kumar to surrender by August 14, 2007, to the federal correctional center in Fairton, New Jersey, to begin his 12-year sentence, and on that date he did so. Upon starting his prison sentence, Kumar alleged that Charles Wang, cofounder of Computer Associates, "personally directed" improper accounting there going back to 1987. Kumar said that board members Lewis Ranieri and Alfonse D'Amato, the former New York Republican senator, "had knowledge of" the accounting misdeeds for which he went to prison — going back "at least" to 2003.
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At the hearing in federal court in
Brooklyn, Judge Leo Glasser sentenced Kumar, 44 years old, to 144 months in prison, to be followed by three years supervised release. The judge deferred payment of the fine until after restitution is determined at a hearing scheduled for February 2, 2007. Kumar was
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indicted him on fraud charges on
September 22, 2004. Kumar pleaded guilty to obstruction of justice and securities fraud charges on April 24, 2006. On November 2, 2006, it was reported that he was sentenced to 12 years in prison and fined $ 8 million for his role in a massive accounting fraud at
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On April 13, 2007, Judge
Glasser approved an agreement for Kumar to pay $ 798.6 million in restitution, at least $ 52 million by December 31, 2008. After he served his 12-year prison term, the government may take 20% of his future gross annual pay for restitution.
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Mr. Kumar was sentenced to 12 years in prison in
November after he pleaded guilty to securities fraud, obstruction of justice, conspiracy, making false filings to the Securities and Exchange Commission and making false
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headquarters. Over the years, he held various leadership roles at the firm. In 1989, he became senior vice president of planning and in 1993 moved up to
Executive Vice President of Operations. Kumar was named
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Kumar resigned as chairman and chief executive in April 2004, following an investigation into securities fraud and obstruction of justice at
Computer Associates. He remained with the firm in the new position of
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Sanjay Kumar, former chief executive officer of
Computer Associates, was released from prison in January 2017 after serving his term. ... was released from a minimum security satellite camp in Miami on Jan.
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194:"I stand before your honor today to take full responsibility for my actions," Kumar said prior to sentencing. "I know that I was wrong and there's no excuse for my conduct."
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379:"Mr. Cron succeeds Sanjay Kumar, who resigned last week as chairman and chief executive after becoming the focus of a federal criminal investigation
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in an $ 800 million buyout. Kumar was, at the time, UCCEL's director of software development and had been employed by UCCEL only for a few months.
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Born in
Colombo, Sri Lanka, in 1962, Kumar and his family emigrated to the United States when he was 14. He was only 25 when he joined CA.
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323:"The Islanders' Unlikely Saviors; Wang and Kumar, Computer Executives, Say a Love for Long Island Has Made Them Sports Owners"
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The company's image has mellowed somewhat since Mr. Kumar was made president and chief operating officer in 1994.
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Kumar was promoted to vice president of planning the following year, relocating to
Computer Associates'
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arena football team, but, according to local news reports, Wang purchased Kumar's share in 2006.
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in 1976 to escape civil unrest in his native Sri Lanka. The family originally settled in
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for about six weeks before leaving the firm altogether on June 4, 2004. A federal
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in 1994 at age 31. Kumar succeeded the retiring Tony Wang, the older brother of
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567:"A Software Company Runs Out of Tricks; The Past May Haunt Computer Associates"
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344:"He entered Furman University ... dropped out of college in his third year."
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Kumar became an employee of Computer Associates in 1987 when it acquired
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12 years by Judge I. Leo Glasser of the United States District Court for
160:. Kumar is widely credited with moving CA to be more customer-friendly.
545:"Judge approves nearly $ 800 mln restitution pact with ex-CA CEO Kumar"
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519:"Sanjay Kumar, former software executive, released from prison"
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CA Ex-Sales Executive to Pay $ 29.7 Million for Fraud (Update3)
269:"Computer Associates Restates Timing of $ 2.2 Billion in Sales"
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Sanjay Kumar, CA's senior vice president of planning, said ...
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He was sentenced to 12 years in prison in connection with the
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Kumar was released from federal prison on January 25, 2017.
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from 1980 to 1983, and left without completing a degree.
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At one time, Kumar was a part owner, with Wang, in the
79:(now CA Technologies), from 2000 until April 2004.
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243:"2 Years in Prison for Ex-Software Executive"
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495:"Jailed CA Ex-Chief Kumar Points at Others"
294:"Computer Associates CEO Out Amid Scandal"
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469:. Bloomberg. Retrieved on 2013-04-02.
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94:He immigrated with his family to the
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606:American technology chief executives
432:"Sanjay Kumar: Lit. Rel. No. 19898"
144:In 2000, Kumar replaced his mentor
390:"CA's ex-CEO is indicted on fraud"
58:CEO of CA Technologies (2000-2004)
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651:American chief operating officers
616:National Hockey League executives
565:Berenson, Alex (April 29, 2001).
411:"Ex-CA chief Kumar pleads guilty"
77:Computer Associates International
611:Arena Football League executives
601:American computer businesspeople
267:Alex Berenson (April 27, 2004).
465:Rovella, David E. (2007-06-05)
152:of the firm and in 2002 became
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626:New York Islanders executives
621:National Hockey League owners
321:Vivian S. Toy (May 7, 2000).
493:Taub, Stephen (2008-09-03).
33:1962 (age 61–62)
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67:(born 1962) is the former
641:Sri Lankan businesspeople
543:Bray, Chad (2007-04-13).
171:chief software architect
156:of Computer Associates'
636:Sri Lankan Tamil people
453:March 15, 2009, at the
150:chief executive officer
136:Chief Executive Officer
132:chief operating officer
182:Computer Associates.
646:Tamil businesspeople
434:. November 3, 2006.
249:. January 17, 2007.
298:The Washington Post
571:The New York Times
448:LIBN Breaking News
328:The New York Times
300:. April 21, 2004.
273:The New York Times
247:The New York Times
216:New York Islanders
158:board of directors
413:. CNN. 2006-04-24
392:. CNN. 2004-09-22
210:Other investments
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84:35 day month
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30:Sanjay Kumar
20:Sanjay Kumar
591:1962 births
252:statements.
201:Restitution
164:Resignation
123:Long Island
116:UCCEL Corp.
39:, Sri Lanka
585:Categories
551:2007-04-13
504:2019-12-11
417:2007-04-13
396:2007-04-13
226:References
186:Sentencing
175:grand jury
55:Occupation
364:"Compute"
128:president
451:Archived
179:Brooklyn
154:chairman
69:chairman
523:NewsDay
37:Colombo
110:Career
130:and
71:and
26:Born
499:CFO
177:in
148:as
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73:CEO
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