Thursday, January 18, 2007

Former GC Sentenced to Two Years

The former general counsel for Computer Associates, Steven Woghin, received a two-year prison term for his role in the accounting fraud at the company.  Woghin pleaded guilty to conspiracy to commit securities fraud and obstruction of justice related to revenue inflation practices at the company that included the so-called "35-day month" when the last month of the quarter was extended to include contracts as revenue even though the had not been completed in time.  Former CEO Sanjay Kumar received the stiffest sentence -- twelve years -- from the case.  An AP story (here) discusses the sentencing. (ph)

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