Tuesday, April 30, 2024 Apr 30, 2024
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SAM WYLY WINS IN A KNOCKOUT

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For years, Sam Wyly battled Computer Associates CEO Sanjay Kumar, accusing him of bad accounting and worse integrity. CA CEO Kumar is now ex-CEO of CA. Kumar pleaded guilty to securities fraud yesterday, in addition to perjury and obstruction of justice. The accounting scheme amounted to $2.2 billion, and Kumar allegedly paid $3.7 million to someone to keep it quiet.

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