Sanjay Kumar, Computer Associates
Sanjay Kumar pleaded guilty to accounting fraud committed while CEO of Computer Associates (now CA). Fraudulent practices included the 35-day month, in which income in one quarter is supplemented with revenue from the next in order to meet Wall Street expectations. The practice resulted in a $2.2 billion fraud case that damaged the company and won Kumar a 12-year sentence to federal prison in New Jersey. Once there he started pointing fingers at others within the company, but no charges resulted.