Discussion

Isles co-owner Kumar pleads guilty to business fraud

Updated: April 24, 2006, 8:22 PM ET
Associated Press

NEW YORK -- 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.

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 ...

Read full story

Comments

You must be signed in to post a comment

Already have an account?

SPONSORED HEADLINES