All Things Digital

Skip to main content.

SEARCH
Digital Daily

Digital Daily by John Paczkowski

The Digital Daily FeedFollow John on Twitter

Sanjay Kumar Goes to White Castle Prison

by John Paczkowski
Posted on September 4, 2008 at 12:05 PM PT

Print Post to Twitter

If I go down, you all go down. That’s the personal philosophy former CA CEO Sanjay Kumar appears to have embraced after serving a few years in prison for conspiracy, securities fraud and obstruction of justice. In a 27-page affidavit filed in court Tuesday, the disgraced Kumar claims that several current and former directors were aware of the company’s … generally unaccepted accounting practices and concealed them from government investigators. Smeared in the affidavit: board members Lewis Ranieri and former U.S. Senator Alfonse D’Amato, as well as company co-founder Russell Artzt and former CEO Charles Wang.

Kumar alleges they were all aware of the infamous “35-day month” ploy for which he and eight other former CA (CA) officials took the fall. “Wang was not only aware of the accounting improprieties, such as the 35-Day Month, he also actively participated in concealing those improper accounting practices. … Wang knew that CA’s quarters were ‘open’ for five days into the next month per his directive, and he sometimes instructed CA to keep CA’s books ‘open’ after the usual ‘five days’ to execute license agreements and recognize revenue from those agreements in the previously ended quarters.”

Damning allegations and ones Wang, D’Amato, et al., vigorously deny.
Said a spokesman for Ranieri and D’Amato: “[Kumar] from jail continues to be a stranger to the truth.”

Print Post to Twitter Comments Tagged: Digital Daily, John Paczkowski, , , , , , , , , , , , , , , | permalink
We’ve launched a new commenting tool, Disqus. For the full story on all of its functionality, click here. To begin commenting right away, you can log in below using Facebook Connect or Disqus—you can also log in using an existing AllThingsD account. Learn more about how Disqus collects and uses information in connection with the comments tool.
  • Ken Campbell
    On a conference call to all employees after CA executive management timed an earnings release and ESOP purchase in a way that made 85% of employees' money disappear overnight, the Wangster responded to questions about the way it was done by saying, "if you think that then you should work someplace else." We should have listened to him sooner. They are all scum and deserve long stints in the pokey.
  • Ken Campbell
    On a conference call to all employees after CA executive management timed an earnings release and ESOP purchase in a way that made 85% of employees' money disappear overnight, the Wangster responded to questions about the way it was done by saying, "if you think that then you should work someplace else." We should have listened to him sooner.
blog comments powered by Disqus

Latest Digital Daily Posts

Digital Daily Archives »

Latest Digital Daily Videos

More Videos »

View All Jobs | Post a Job Job Listings

A sponsored service from SimplyHired

Digital Daily Posts by Date

Digital Daily Posts by Category

Digital Daily Posts by Tag

AAPL acquisition Amazon Android antitrust applications AT&T carrier customers data Dell earnings handset IBM Intel iPhone iPod iTunes Jerry Yang lawsuit Mac market Motorola network online operating system Oracle Palm PC platform Pre price revenue sales share shares smartphone Sprint Steve Ballmer Steve Jobs Verizon Web Windows wireless YouTube

More Digital Daily Tags »

About John

John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

Read more »

alt.misc

Older at alt.misc »