Ex-Computer Associates CFO Gets 7-Month Sentence

Law360, New York (January 29, 2007, 12:00 AM EST) -- A former chief financial officer at Computer Associates involved in the $2.2 billion accounting fraud scheme that toppled the software company’s leadership has been sentenced to seven months of prison and seven months of home imprisonment after helping prosecutors.

U.S. District Judge I. Leo Glasser handed down the sentence Friday to Ira Zar, a key figure in the company’s practice of reporting quarterly revenues with license agreements that had not been finalized between 1998 and 2001. Zar must also serve two years of supervised release following...
To view the full article, register now.