The Wall Street Journal reports:
Former CA Inc. Chief Executive Sanjay Kumar was sentenced to 12 years in prison and fined $8 million Thursday for his role artificially boosting financial results at the software maker.
At a hearing in federal court in Brooklyn, U.S. District Judge I. Leo Glasser sentenced Mr. Kumar, 44 years old, to 144 months in prison, to be followed by three years of supervised release.
Judge Glasser said though Mr. Kumar was not a violent criminal, he "did violence to the legitimate expectations of shareholders."
Uhm, we know Kumar’s totally supposed to be, like, the Worst. Corporate. Fraudster. Ever. And all that. But Judge Glasser’s statement there is a little troubling. It kind of makes it sound like Kumar got 12 years based on a metaphor. We’d be more confident Kumar deserved his sentence if the judge could deliver it without resorting to literary devices.
Kumar Is Sentenced to 12 Years For Role in CA Accounting Fraud