Kumar, CA's former CEO, is set to begin serving a 12 year sentence for his part in the company's multi-billion dollar accounting fraud. Kumar previously plead guilty to federal securities fraud, obstruction of justice and conspiracy charges in exchange for a plea agreement. Former VP of sales, Stephen Richards is already serving his sentence and several other guilty pleas have been entered in relation to the case.

Further details on Kumar's sentence at Newsday.

-- MDT

Labels: accounting fraud, CA, Sanjay Kumar, Stephen Richard