CyberNET VP gets 5 years in prison for $100 million fraud case

Friday, 27 April 2007, 4:00 AM EST

The former vice president of a high-tech company was sentenced today to five years in prison for conspiring to commit $100 million worth of bank fraud.

Jonathan James Mast, 38, pleaded guilty last November to the conspiracy charge, along with mail fraud and money laundering. He had been the vice president of sales at CyberNET, a Michigan-based computer company, between 2002 and 2004. A major solution provider, CyberNET made No. 110 on the 2004 VARBusiness 500 list.

At InformationWeek.

[ Read more ]




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