(Reuters) - The court affirmed the bulk of the pair's July 2004 convictions on 18 counts of fraud, including securities fraud and conspiracy. One count of bank fraud was dismissed, however, and the appeals court said the two men should be resentenced.
John Rigas, 82, was sentenced in June 2005 to 15 years in prison, while Timothy Rigas, 51, the company's former finance chief, was sentenced to 20 years. Both men remain free on bail while they have pursued their appeals.
Read more at Reuters.com Bonds News
John Rigas, 82, was sentenced in June 2005 to 15 years in prison, while Timothy Rigas, 51, the company's former finance chief, was sentenced to 20 years. Both men remain free on bail while they have pursued their appeals.
Read more at Reuters.com Bonds News
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