Sanjay Kumar Goes to White Castle Prison

If I go down, you all go down. That’s the personal philosophy former CA CEO Sanjay Kumar appears to have embraced after serving a few years in prison for conspiracy, securities fraud and obstruction of justice. In a 27-page affidavit filed in court Tuesday, the disgraced Kumar claims that several current and former directors were aware of the company’s … generally unaccepted accounting practices and concealed them from government investigators.

Frank Quattrone: Il Barbiere di Silicon Valley

The fat lady of justice has finally sung for Frank Quattrone. A federal judge yesterday officially dismissed criminal charges against the defrocked Silicon Valley financier, clearing him of charges that he obstructed an investigation into Credit Suisse First Boston’s practice of steering shares of hot IPOs to favored investment-banking clients. “Today, the legal system has [...]