MANHATTAN (CN) - Former Kaiser Himmel Corp. CEO Eric Skys was sentenced on Thursday to nearly 11 years in federal prison for defrauding Citibank of more than $83 million. Skys, 26, forged financial documents and offered as collateral millions of share stock that he didn't own. He pleaded guilty to wire, securities and bank fraud on the second day of his trial.
Skys, of Somerset, Pa., has been lodged at taxpayer's expense since he was arrested on May 15, 2008. U.S. District Judge William Pauley III sentenced him to 130 months in prison.
Read the Top 8
Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.
Additional Reads
-
Ex-firefighter gets prison for Jan. 6 extinguisher attack April 11, 2023 -
-
Elizabeth Holmes gets 11 years in Theranos fraud case November 18, 2022 -
Ex-police officer gets 7-plus years in prison in Jan. 6 case August 11, 2022