Sanjay Kumar sentenced to 12 years in prison, $8 million fine. Kumar pleaded guilty in April to obstruction of justice and securities fraud charges. Kumar and Stephen Richards pleaded guilty after they were accused of fraudulent accounting practices. CA spokeswoman: “We are a dramatically different organization than we were more than two years ago” Kumar remains free on bond while judge decides how much restitution he will order Kumar to pay to victims, spokesman says. The judge said he will decide the restitution amount within 90 days.”]
Source: https://www.csoonline.com/article/2120791/former-ca-ceo-sentenced-to-12-years-for-fraud.html