Sales Scam Earns Ex-ClearOne Boss 4 Years In Jail

Law360, New York (June 2, 2010, 6:40 PM EDT) -- A federal judge has sentenced former ClearOne Communications Inc. CEO Frances Flood to four years in prison for nine counts of securities violations in connection with a scheme to misrepresent the strength of her company, attorneys have confirmed.

A lawyer for Flood said his client plans to appeal the ruling, rendered Wednesday by Judge Dee Benson in the U.S. District Court for the District of Utah.

“There are a lot of real problems with the conviction, and I think there are a lot of legal issues...
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