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5 years in prison ordered for ex-CEO at Alaska-based company
NEW YORK (AP) - The former chief executive at an Alaska-based fiber-optic cable company has been sentenced to five years in prison for cheating New York investors of over $270 million.
Elizabeth Ann Pierce, formerly head of Quintillion, was sentenced Wednesday by U.S. District Judge Edgardo Ramos.
Pierce, who now lives outside Austin, Texas, apologized but also blamed others. Ramos said her effort to blame others was no excuse for what she did.
Ramos said the 2015-2017 fraud against two New York-based investment companies was huge.
Read more: https://www.ktuu.com/content/news/5-years-in-prison-ordered-for-ex-CEO-at-Alaska-based-company-511540012.html