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Sarbanes-Oxley News & Developments
Ex-Dynegy executive gets 24 years Tax executive Jamie Olis sentenced for his role in an Enron-style scheme.
> > Jamie Olis is a 38-year-old lawyer and accountant has been convicted of six counts of criminal conspiracy and securities, wire and mail fraud for his role in the complicated 2001 financial transaction dubbed "Project Alpha." Olis was also fined $25,000 in his November trail.
U.S. District Judge Sim Lake said he was required to give Olis a sentence of between 24 and 30 years based on the massive losses Dynegy shareholders suffered. Olis could have been sentenced to a total of 35 years. Since there is no parole in the federal prison system, Olis will be required to serve nearly his entire term behind bars.
Source: CNN Money
Published:2004-03-26
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