Ira Zar, ex-CFO, and vice presidents David Kaplan and David Rivard, said they fraudulently booked millions of dollars of contracts.
The trio made this admission as part of a plea bargain, which follows a two-year investigation into claims that the the company beefed up its books by at least $0.5bn (£270m).
US Attorney Roslynn Mauskopf said the pleas represented ‘a major advance in our continuing effort to bring to justice those at Computer Associates who are responsible’.
Zar pleaded guilty to securities fraud and conspiracy to commit securities fraud and obstruct justice and faces as many as 10 years in jail.
Kaplan and Rivard admitted that they conspired to commit securities fraud and obstruct justice. They face up to five years in jail plus substantial fines.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements