crime

High-Profile Fraud Case: Ex-CEO Sentenced to 12 Years in Prison

Summary

A federal court sentenced former tech CEO Michael Grant to 12 years in prison today for orchestrating a $500 million securities fraud scheme. The verdict came after a six-month tri

A federal court sentenced former tech CEO Michael Grant to 12 years in prison today for orchestrating a $500 million securities fraud scheme. The verdict came after a six-month trial in New York, concluding on February 13, 2026. According to AP News, Grant was found guilty on charges including wire fraud, conspiracy, and insider trading. Prosecutors detailed how Grant manipulated financial statements to inflate company value before a failed acquisition. The judge highlighted the case as a warning against corporate malfeasance. Grant’s defense announced plans to appeal the decision.
Feb 15
High-Profile Fraud Case: Ex-CEO Sentenced to 12 Years in Prison

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