CA to pursue co-founder Wang for fraud

Monday, 16 April 2007, 12:00 AM EST

A special committee at CA Inc. on Friday released a report that blames co-founder Charles Wang for accounting fraud at the company and recommends suing him for damages and the value of company stock he received.

That news came on the same day that Wang's successor, former CA CEO Sanjay Kumar, was ordered to pay more than $1 billion in restitution to victims of securities fraud he committed while at the company. Kumar also faces 12 years in jail following his conviction for obstruction of justice and securities fraud.

At Computerworld.

[ Read more ]




Spotlight

(IN)SECURE Magazine issue 45 released

(IN)SECURE Magazine is a free digital security publication discussing some of the hottest information security topics. Learn about personal data bankruptcy and the cost of privacy, security and compliance, delivering digital security to a mobile world, and much more.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  
DON'T
MISS

Tue, Mar 3rd
    COPYRIGHT 1998-2015 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //