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    2 convicted in health care fraud sentenced

    CHICAGO (AP) — Two former executives of health care company Canopy Financial Inc. who pleaded guilty to defrauding investors out of $75 million have been sentenced to prison.

    Former President and CEO Jeremy Blackburn was sentenced Wednesday to 15 years in prison. Former Chief Technology Officer Anthony Banas received a 13-year sentence. Both men pleaded guilty in 2010 to one wire fraud count.

    According to court documents, Blackburn and Banas used false information about Canopy's financial condition to obtain about $75 million from several investors in 2009. They also allegedly pocketed about $18 million from accounts meant to pay people's medical bills.

    The then-Chicago-based company declared bankruptcy in 2009.

    The 34-year-old Banas is to report to prison April 18. The 38-year-old Blackburn begins serving his sentence March 20.

     

    3 comments

    • Bill M  •  2 mths ago
      When is Eric Holder going to be sentenced for Fast and Furious
    • My Clone Did it Not me  •  2 mths ago
      So is this the company that said Obama care is a win for America?
    • Amber  •  Cheyenne, Wyoming  •  3 mths ago
      I despise corporate greed. These two are pond #$%$
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