Canopy Co-Founder Appeals 13-Year Sentence For $93M Fraud

Law360, Chicago (January 25, 2013, 3:42 PM EST) -- A lawyer for the co-founder of defunct health care transaction software company Canopy Financial Inc. argued Friday that the 160-month sentence his client received for helping to run a $93 million investment fraud should be reversed, an outcome one Seventh Circuit judge indicated was unlikely.

Judge Frank H. Easterbrook told defendant Anthony Banas' attorney, Edward J. Sedlacek of Huck Bouma PC, that the Seventh Circuit has never held that a sentence falling below the bottom of the guideline range was too high, and that it was...
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