Bad news for Computer Associates co-founder, Charles Wang, who has found himself thrown under the bus by protege and former CA CEO, Sanjay Kumar. All this is spinning out of the lawsuit filed by Big Texan Sam Wyly, who we've written about before in these parts based on his other adventures in litigation.

-- MDT

Labels: CA, Charles Wang, Sam Wyly, Sanjay Kumar

Kumar, CA's former CEO, is set to begin serving a 12 year sentence for his part in the company's multi-billion dollar accounting fraud. Kumar previously plead guilty to federal securities fraud, obstruction of justice and conspiracy charges in exchange for a plea agreement. Former VP of sales, Stephen Richards is already serving his sentence and several other guilty pleas have been entered in relation to the case.

Further details on Kumar's sentence at Newsday.

-- MDT

Labels: accounting fraud, CA, Sanjay Kumar, Stephen Richard

Ahhhh, Charles Wang, the innovator of the 35 day month... While other CA top brass have already gone down for the count in relation to the wide-spread fraud at the company. Wang, however, has managed to keep bobbing and weaving since retiring in 2000, earning him teflon don status amongst the Silicon Valley set. But that may be changing as CA - the company he founded (but currently hungry to shake off the stink of corruption) comes gunning for him.

-- MDT

Labels: Charles Wang, Computer Associations, Fraud, Sanjay Kumar, SEC