Former Software Executive Sentenced to 12 Years in Fraud Case

By Katie Hauser

Published on November 16, 2006

Kumar pleaded guilty on April 24, admitting to falsely inflating quarterly revenue reports to make it appear that the company had met or exceeded revenue projections.

The company never actually met its revenue goals, leading to investors being defrauded of more than $400 million.

Kumar admitted to tampering with company computers to hide the fraud from federal investigators. He also admitted to ordering company employees to issue false statements to investigators. Three other company officials have admitted to charges related to the incident.

So far, Computer Associates International Inc. has paid $225 million to a restitution fund established for shareholders. The company has promised to comply with all future investigations.

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