Man to be cultivated in prison - Hindu - super rich! Who knows...

[Guest guest]

This man didn't lose his money, only his freedom for the next several years!

 

If someone in the New Jersey area were to cultivate him, somehow, you never

know! He might donate something to ISKCON?

 

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http://www.nytimes.com/2006/11/02/business/03computercnd.html?hp&ex=11625300

00&en=2872dfaa42bfe291&ei=5094&partner=homepage

 

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Ex-Chief at Software Maker Gets 12-Year Prison Term

 

By MICHAEL J. de la MERCED

Published: November 2, 2006

 

The former chief executive of Computer Associates International was

sentenced to 12 years in prison today for orchestrating a huge accounting

fraud at the world’s fifth-largest software maker.

 

Sanjay Kumar, 44, was also sentenced to 24 years of supervised release and

an $8 million fine in Federal District Court in Brooklyn. Since pleading

guilty to securities fraud and obstruction of justice charges, he faced a

maximum of lifetime imprisonment.

 

The presiding judge, I. Leo Glasser, described that as excessive. But Judge

Glasser repeatedly rebuked Mr. Kumar for helping to inflate the company’s

sales in 1999 and 2000.

 

“This shocked the conscience of this court, and I dare believe it shocked

the conscience of any reasonable person,” Judge Glasser said.

The sentence came down after a nearly two-hour hearing in which Mr. Kumar

again apologized to the court.

 

“I stand before the court today to accept full responsibility for my

actions,” Mr. Kumar said. “I deeply regret the actions I took.”

Mr. Kumar is scheduled to report to prison Feb. 27. At the hearing, his

chief lawyer, Jack Cooney, requested that Mr. Kumar serve his prison term at

the Federal Correctional Institute in Fairton, N.J.

 

Mr. Kumar pleaded guilty in April, two weeks before he was to stand trial.

Previously, he had maintained his innocence since first being indicted in

2004. His sentencing appears to conclude a four-year investigation of

Computer Associates — now known as CA Inc. — that centered on fraudulent

contracts and earnings statements that artificially increased profits.

The second-largest provider of software for mainframe computers, Computer

Associates charted tremendous success during the 1990’s, largely under the

leadership of Mr. Kumar and the company’s founder, Charles B. Wang. Mr.

Kumar was compensated handsomely in return: in 1998, he netted a $330

million bonus, one of the largest paydays by any American executive. With

Mr. Wang, Mr. Kumar is an owner of the New York Islanders hockey team.

Seven other Computer Associates executives have pleaded guilty to fraud

charges as well. Stephen Richards, the company’s former top salesman,

pleaded guilty in April alongside Mr. Kumar; he is to be sentenced on Nov. >

Ex-Chief at Software Maker Gets 12-Year Prison Term