Ex-Computer Associates Executive Pleads Guilty
An AP newswire article, via The Los Angeles Times, reports that:
A former executive with Computer Associates International Inc. pleaded guilty to obstructing justice by trying to buy the silence of potential witnesses in a stock fraud scandal at one of the world's largest software companies, prosecutors said.More here.
Thomas Bennett, 50, faces as many as five years in prison at sentencing Oct. 12. Bennett was senior vice president in charge of business development for Long Island, N.Y.-based Computer Associates, which since has become known as CA Inc.
Federal prosecutors in Brooklyn, N.Y., alleged that Bennett conspired with other executives to secretly manipulate more than $2 billion in revenue from 1999 to 2000 to prop up the company's stock price.
posted by Fergie @ 6/22/2006 10:00:00 PM
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