Feds Seek 15 Years For Ex-Canopy Exec's $93M Fraud Role

Law360, New York (February 9, 2012, 5:04 PM EST) -- Prosecutors on Wednesday urged an Illinois federal judge to sentence a former Canopy Financial Inc. executive to 15 years in prison for his role in a $93 million investment fraud that recently landed Canopy’s former CEO an identical term.

Anthony Banas, the former chief technology officer of the defunct health care software company, participated equally in the scheme with former Canopy CEO Jeremy Blackburn, who was sentenced Jan. 24, prosecutors said in a sentencing motion. The scheme bilked investors out of approximately $75 million and misappropriated...
To view the full article, register now.

Documents

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

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.