Ex-Canopy CEO Gets 15 Years For $93M Scheme

Law360, Chicago (January 24, 2012, 4:02 PM EST) -- An Illinois federal judge sentenced the former CEO of defunct health care transaction software company Canopy Financial Inc. to 15 years in prison Tuesday for his role in a $93 million investment fraud that the judge called the worst financial crime he'd seen.

U.S. District Judge Ruben Castillo also ordered Jeremy Blackburn, 38, to pay $93 million in restitution to cover the scheme's actual losses, pursuant to the plea agreement he struck with the government in December 2010. The defendant will be credited for any money...
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