Ex-Canopy CEO Gets 15 Years For $93M Scheme

Law360, Chicago (January 24, 2012, 4:02 PM EST) -- An Illinois federal judge sentenced the former CEO of defunct health care transaction software company Canopy Financial Inc. to 15 years in prison Tuesday for his role in a $93 million investment fraud that the judge called the worst financial crime he'd seen.

U.S. District Judge Ruben Castillo also ordered Jeremy Blackburn, 38, to pay $93 million in restitution to cover the scheme's actual losses, pursuant to the plea agreement he struck with the government in December 2010. The defendant will be credited for any money...
To view the full article, register now.

Related

Sections

Case Information

Case Title

USA v. Blackburn et al


Case Number

1:09-cr-00976

Court

Illinois Northern

Nature of Suit

Date Filed

November 29, 2009

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.