CA Inc.’s former chief executive Sanjay Kumar was sentenced to 12 years in prison for leading a $2.2 billion accounting fraud at the software maker, one of the largest in the US.
US District Judge I. Leo Glasser imposed the term and an $8 million fine yesterday in Brooklyn and ordered Kumar, 44, to report to a federal prison by Feb. 27. Kumar pleaded guilty in April to charges including conspiracy, fraud, and obstruction of justice. “His cupidity calls for a meaningful sentence,” the judge said. Glasser […]