Sanjay Kumar, the former chief executive of software firm CA, on Thursday was sentenced to 12 years in federal prison for his part in a $2.2 billion accounting fraud scandal at the firm, Reuters reports.Kumar was also hit with an $8 million fine by U.S. Judge Leo Glasser, as well as three years of supervised release for each of the eight counts to which he pleaded guilty in April, according to Reuters. Those charges include conspiracy, securities fraud and obstruction of justice, Reuters reports.The government accused Kumar of logging false licensing revenue numbers for the period between 1999 and 2000 to meet analysts’ earnings forecasts, as well as attempting to cover up the fraud by lying to company investors, according to Reuters.Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content Saudi Vision 2030: Why the Kingdom is becoming a hub in EdTech education By Andrea Benito Jun 07, 2023 5 mins brandpost From edge to cloud: The critical role of hardware in AI applications The rise of generative artificial intelligence By Broadcom Jun 06, 2023 5 mins Machine Learning Artificial Intelligence brandpost The new value calculator: Levers for business optimization Squeezing maximum value out of your data is not only about cost-savings—it’s time to create significant potential by transforming your competitive position. By Sandrine Ghosh Jun 06, 2023 5 mins Data Management brandpost The new wave of data observability Innovative ‘applied observability’ can detect issues and diagnose their root causes swiftly and effectively. By Sandrine Ghosh Jun 06, 2023 4 mins Data Management Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe