Jailed Ex-CA CEO To Appeal Stiff Sentence
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Former CA CEO Sanjay Kumar currently serving a 12-year stretch in a federal prison in New Jersey for masterminding the company’s $2.2 billion accounting fraud is appealing his sentence. He claims it’s longer than federal guidelines allowed at the time he committed the crime.
He also paid off the last $2 million of an ordered $52 million restitution a year early. That unfreezes his assets.
The government still gets to garnish 20% of any pretax salary he gets once he gets out.
He’s been in the slammer since last summer.
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