Ex-Lawyer’s Prison Term Reduced From 24 Years to Six

Law360, New York (September 25, 2006, 12:00 AM EDT) -- A federal judge on Friday slashed a former corporate tax attorney’s sentence from 24 years to six years after the Fifth Circuit Court of Appeals reversed the sentence in the wake of a recent U.S. Supreme Court ruling.

The attorney, Jamie Olis, worked as a tax lawyer at the Houston-based power company Dynegy Inc. He received a 24-year prison term after a jury convicted him of securities fraud, mail and wire fraud and conspiracy in 2003 for his role in overstating the company’s finances by $300...
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