Sanjay Kumar Loses Appeal of 12-Year Prison Sentence
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Former CA Inc. Chief Executive Officer Sanjay Kumar, convicted of leading a $2.2 billion fraud at the company, lost an appeal to have his 12-year prison sentence reduced.
The U.S. appeals court in Manhattan today affirmed the sentence of Kumar, 48, who pleaded guilty in 2006 to charges of conspiracy, fraud and obstruction of justice. Kumar is serving his sentence at a federal prison in New Jersey.