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Ex-Islanders co-owner gets prison for accounting fraud
Associated Press
Nov 2, 2006, 3:48 PM EST


NEW YORK (AP) -A former co-owner of the New York Islanders was sentenced to 12 years in prison Thursday in a $400 million accounting fraud scandal at one of the world's largest software companies.

Sanjay Kumar, the 44-year-old former chief executive of Computer Associates International, pleaded guilty in April to obstruction of justice and securities fraud charges at the company, which since has become known as CA Inc.

"I know that I was wrong and there was no excuse for my conduct," Kumar told the judge at his sentencing at federal court. "I do apologize for my mistakes and ask for forgiveness from all involved."

Kumar could have faced life in prison but Judge Leo Glasser called that unreasonable. In addition to the 12-year term, he was fined $8 million and ordered to surrender Feb. 27.

Kumar and Computer Associates founder Charles Wang bought the Islanders in 2000 for about $190 million.

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