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...
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