Appeal Bond Is Denied for Dynegy Ex-Exec
From Associated Press
A former Dynegy Inc. finance executive lost his bid to remain free on bond while appealing a 24-year prison sentence for conspiracy and fraud.
The U.S. 5th Circuit Court of Appeals denied Jamie Olis’ request for an appeal bond, saying he hadn’t shown that his appeal probably would reduce his sentence.
Olis, 38, was convicted last year of conspiracy and five counts of securities, wire and mail fraud for helping push through a 2001 scheme to disguise a loan as cash flow to pacify Wall Street analysts concerned about earnings.
He has been ordered by the Federal Bureau of Prisons to surrender Thursday at its low-security men’s prison in Bastrop, Texas.
