Former CA CEO Alleges Directors Knew Of Fraud

Law360, New York (September 4, 2008, 12:00 AM EDT) -- Incarcerated former CEO Sanjay Kumar alleged in court filings last week that several of the software company's directors, including a former U.S. senator, knew about the accounting fraud that resulted in several senior executives going to prison.

Kumar made the allegations in an affidavit filed in the U.S. District Court for the Eastern District of New York on Aug. 27. In it, Kumar alleges that former Sen. Alfonse D'Amato, a CA board member beginning in 1999, and Lewis Ranieri, a former vice president at Salomon Brothers,...
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