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Former CA Boss Gets 12 Years, $8M Fine

mwnyc writes "The BBC is 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.'"

7 of 150 comments (clear)

  1. Re:Where have all the mods gone? by cunina · · Score: 2, Funny

    -1, Offtopic.

  2. I guess... by fohat · · Score: 4, Funny

    He's not going to make it to the White Castle after all...

    --
    Is there heaven? Is there Hell? Is that a Tuna Melt I smell?-Primus
  3. Re:Where have all the mods gone? by bostonsoxfan · · Score: 2, Funny

    There is a code glitch to the best of my knowledge. I got mod points a couple days ago and I used three of them before they were due to expire, and it it four days after the fact and I still have the ones that I haven't used.

  4. Re:Where have all the mods gone? by Anonymous Coward · · Score: 2, Funny

    "So what's the problem, do people just not care anymore, or is it an issue with the moderating system?"
    It's an issue with the moderating system (which was put together by Diebold).

  5. Re:RIP republic, Hello fascism by TheLink · · Score: 2, Funny

    Maybe the cops busted you for whatever it is you're drinking. ;)

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  6. Breaking: Transcript of CA Exec phone call Nov 1st by ShaunC · · Score: 2, Funny

    Kumar's phone. Kumar speaking.

    Hey, what's up? It's me. What are you doing?

    Nothing important. I can talk. What's going on?

    Listen, I can't party tonight, okay? I gotta stay late at the prosecutor's office.

    Dude, fuck that shit. We had plans.

    I know, but I got a lot of work to do drawing up your sentence for securities fraud.

    When has getting high ever prevented you from doing your work?

    Jesus!

    I got a quarter of the finest herb in New York City. I'm not smoking that shit alone, okay? So you need to just chill the fuck out and prepare to get blazed, because in the next couple of hours, I expect both of us to be blitzed out of our skulls, got it?

    All right, I got it.

    I'll talk to you later, some guy with handcuffs is at the door.

    --
    Thanks to the War on Drugs, it's easier to buy meth than it is to buy cold medicine!
  7. Cow-mercialism by Anonymous Coward · · Score: 1, Funny

    American Corporation: You have two cows. You sell one to a subsidiary company and lease it back to yourself so you can declare it as a tax loss. Your bosses give you a huge bonus. You inject the cows with drugs and they produce four times the normal amount of milk. Your bosses give you a huge bonus. When the drugs cause one of the cows to drop dead you announce to the press that you have down-sized, reducing expenses by 50 percent. The company stock goes up and your bosses give you a huge bonus. You lay off all your workers and move your production facilities to Mexico. You get a huge bonus. You contribute some of your profit to the President's re-election campaign. The President announces tax cuts for corporations in order to stimulate the economy.