<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>AllThingsD &#187; Russell Artzt</title>
	<atom:link href="http://allthingsd.com/tag/russell-artzt/feed/" rel="self" type="application/rss+xml" />
	<link>http://allthingsd.com</link>
	<description></description>
	<lastBuildDate>Sat, 26 May 2012 19:52:25 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.3.2</generator>
<atom:link rel="hub" href="http://pubsubhubbub.appspot.com"/><image>
		  <url>http://allthingsd.com/theme/images/logo-rss.jpg</url>
		  <title>All Things Digital</title>
		  <link>http://allthingsd.com/</link>
		  <width>144</width>
		  <height>22</height>
	</image>		<item>
		<title>Sanjay Kumar Goes to White Castle Prison</title>
		<link>http://allthingsd.com/20080904/sanjay-kumar-goes-to-white-castle-prison/</link>
		<comments>http://allthingsd.com/20080904/sanjay-kumar-goes-to-white-castle-prison/#comments</comments>
		<pubDate>Thu, 04 Sep 2008 19:05:50 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[35-day month]]></category>
		<category><![CDATA[accounting practices]]></category>
		<category><![CDATA[affidavit]]></category>
		<category><![CDATA[Alfonse D'Amato]]></category>
		<category><![CDATA[CA]]></category>
		<category><![CDATA[Charles Wang]]></category>
		<category><![CDATA[conspiracy]]></category>
		<category><![CDATA[directors]]></category>
		<category><![CDATA[investigators]]></category>
		<category><![CDATA[John Paczkowski]]></category>
		<category><![CDATA[Lewis Ranieri]]></category>
		<category><![CDATA[obstruction of justice]]></category>
		<category><![CDATA[prison]]></category>
		<category><![CDATA[Russell Artzt]]></category>
		<category><![CDATA[Sanjay Kumar]]></category>
		<category><![CDATA[securities fraud]]></category>

		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=4471</guid>
		<description><![CDATA[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.]]></description>
			<content:encoded><![CDATA[<p>If I go down, you all go down. That&#8217;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&#8217;s &#8230; <a href="http://blogs.siliconvalley.com/gmsv/2006/11/sentenced_to_ja.html">generally unaccepted accounting practices</a> and <a href="http://www.newsday.com/business/ny-bzkuma0903,0,5354169.story">concealed them from government investigators</a>. Smeared in the <a href="http://amlawdaily.typepad.com/amlawdaily/files/kumar_declaration_08282008_31.pdf" />affidavit</a>: board members Lewis Ranieri and former U.S. Senator Alfonse D&#8217;Amato, as well as company co-founder Russell Artzt and former CEO Charles Wang.</p>
<p>Kumar alleges they were all aware of the <a href="http://www.usdoj.gov/opa/pr/2004/September/04_crm_642.htm">infamous &#8220;35-day month&#8221; ploy</a> for which he and eight other former CA (CA) officials took the fall. &#8220;Wang was not only aware of the accounting improprieties, such as the 35-Day Month, he also actively participated in concealing those improper accounting practices. &#8230; Wang knew that CA&#8217;s quarters were &#8216;open&#8217; for five days into the next month per his directive, and he sometimes instructed CA to keep CA&#8217;s books &#8216;open&#8217; after the usual &#8216;five days&#8217; to execute license agreements and recognize revenue from those agreements in the previously ended quarters.&#8221;</p>
<p>Damning allegations and ones Wang, D&#8217;Amato, et al., vigorously deny.<br />
<a href="http://online.wsj.com/article/SB122049724868198047.html">Said a spokesman for Ranieri and D&#8217;Amato</a>: &#8220;[Kumar] from jail continues to be a stranger to the truth.&#8221;</p>
]]></content:encoded>
			<wfw:commentRss>http://allthingsd.com/20080904/sanjay-kumar-goes-to-white-castle-prison/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
	</channel>
</rss>

