The former chief executive of Computer Associates will pay nearly $800 million in restitution to investors who lost money because of the company’s accounting fraud.
Sanjay Kumar, who will begin serving a 12-year prison term this month, will pay about $52 million this year, the majority of his and his family’s assets. Kumar must pay an $8 million fine that was imposed last year. Most of the remaining restitution will probably never be paid, although when Kumar leaves prison the government will have the right to garnish 20 percent of his wages.
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