Former Epix exec pleads guilty over $7 million fraud

A few months ago, Rensing pleaded not guilty to embezzling $8.5 million — people familiar with the matter said part of that amount is likely made up of legitimate expenses. He has changed his plea now that the amount is down to $7 million, admitting guilt to one count of wire fraud, which could lead to a maximum sentence of 20 years in prison and three years of supervised release. It was probably the best course of action for him, since his deal with prosecutors didn’t require him to plead guilty to aggravated identity theft, as well. – Mariella Moon, Engadget

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.