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Former CA Execs Plead Guilty
Updated from 3:25 p.m. EDT
Sanjay Kumar, the disgraced former CEO of CA(CA Quote), pleaded guilty in federal court Monday to charges of securities fraud.
In a written statement that Kumar read in court, the former CEO said, "I know my conduct was wrong. ... I apologize for my actions."
Stephen Richards, the former head of sales at CA also pleaded guilty to securities fraud and obstruction of justice charges at a hearing before Judge Leo Glasser in U.S. District Court in Brooklyn. ...
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