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Businesses

Submission + - Former CA Boss Gets 12 Years, $8M Fine

mwnyc writes: The BBC, New York Times and others are reporting on the sentence issued today to former CA boss Sanjay Kumar, who had pleaded guilty to charges including conspiracy and securities fraud. Mr. Kumar is expected to begin serving time in February 2007. Under federal sentencing guidelines, Kumar could have faced life in prison but the judge called that punishment 'unreasonable'.

In every hierarchy the cream rises until it sours. -- Dr. Laurence J. Peter

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