Former GlobeTel CEO Gets 4 Years For Fraud

Law360, New York (July 26, 2010, 5:40 PM EDT) -- Former GlobeTel Communications Corp. CEO Timothy Huff was sentenced to more than four years in prison Monday after pleading guilty to a scheme to inflate the company's revenues to attract investors.

Judge Donald Middlebrooks of the U.S. District Court for the Southern District of Florida sentenced Huff — who admitted in April to one count of conspiracy to commit securities fraud — to 50 months in prison and three years of supervised release.

Huff, who served as the company's CEO from 2002 to 2006, conspired with...
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