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Ex-Canopy CEO Admits To Wire Fraud In $93M Scheme

Law360 (December 11, 2010, 6:38 PM EST) -- The co-founder and former CEO of defunct health care transaction software company Canopy Financial Inc. has admitted to his role in a fraud scheme that cheated investors of approximately $75 million and misappropriated more than $18 million from clients' health care savings accounts.

Jeremy Blackburn pled guilty Friday to one count of wire fraud, and said that he acted with intent to defraud investors, including entities affiliated with Spectrum Equity Investors, in a plea agreement filed in the U.S. District Court for the Northern District of...
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