Advertisement
YOU ARE HERE: LAT HomeCollectionsJamie Olis
IN THE NEWS

Jamie Olis

FEATURED ARTICLES
BUSINESS
March 26, 2004 | From Associated Press
A former Dynegy Inc. executive was sentenced to 24 years in prison Thursday in an accounting fraud case that fell under tough new punishment rules aimed at discouraging corporate corruption. Jamie Olis is obliged to serve nearly all of his sentence because there is no parole in the federal system. He is 38, and could remain behind bars until he is 62. "I take no pleasure in sentencing you to 292 months," U.S. District Judge Sim Lake said in handing down the sentence.
ARTICLES BY DATE
BUSINESS
November 2, 2005 | Thomas S. Mulligan and Jonathan Peterson, Times Staff Writers
A federal appeals court on Tuesday overturned a 24-year sentence handed to former Dynegy Inc. executive Jamie Olis, ruling that a lower court relied on an exaggerated figure for investor losses directly caused by the fraud that Olis oversaw.
Advertisement
BUSINESS
November 2, 2005 | Thomas S. Mulligan and Jonathan Peterson, Times Staff Writers
A federal appeals court on Tuesday overturned a 24-year sentence handed to former Dynegy Inc. executive Jamie Olis, ruling that a lower court relied on an exaggerated figure for investor losses directly caused by the fraud that Olis oversaw.
BUSINESS
March 26, 2004 | From Associated Press
A former Dynegy Inc. executive was sentenced to 24 years in prison Thursday in an accounting fraud case that fell under tough new punishment rules aimed at discouraging corporate corruption. Jamie Olis is obliged to serve nearly all of his sentence because there is no parole in the federal system. He is 38, and could remain behind bars until he is 62. "I take no pleasure in sentencing you to 292 months," U.S. District Judge Sim Lake said in handing down the sentence.
BUSINESS
October 9, 2007 | From Times Wire Services
A former Dynegy Inc. accountant serving six years for helping foster a multimillion-dollar fraud scheme has asked a federal court to set aside his convictions and free him from jail. According to the 106-page petition, prosecutors won Jamie Olis' conviction in part by violating his constitutional rights to present the defense of his choice.
BUSINESS
July 2, 2004 | From Bloomberg News
Former Dynegy Inc. executive Jamie Olis, who is serving 24 years in federal prison for accounting fraud, has asked a judge to be freed on bond because a Supreme Court ruling last week may invalidate his sentence. The high court ruled last week that sentencing guidelines used by the state of Washington were unconstitutional because they allowed a judge to lengthen a sentence based on facts not considered by a jury.
BUSINESS
July 2, 2003 | From Bloomberg News
Three former employees of Dynegy Inc. who were indicted last month in connection with loans that allegedly were disguised to inflate the Houston energy company's cash flow pleaded not guilty. Gene Foster, Jamie Olis and Helen Sharkey entered their pleas to charges of securities fraud, conspiracy, mail fraud and wire fraud in U.S. District Court in Houston. Foster was Dynegy's vice president for tax matters, Olis was tax-planning director and Sharkey was an accounting manager.
BUSINESS
November 14, 2003 | From Reuters
A federal jury in Houston found former Dynegy Inc. tax executive Jamie Olis guilty of six counts of fraud in connection with charges that he illegally disguised a $300-million debt as income to inflate his company's finances. Olis, 37, faces as many as 35 years in prison when he is sentenced Feb. 19.
BUSINESS
May 19, 2004 | 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.
BUSINESS
September 23, 2006 | From Reuters
A federal judge Friday cut by 75% one of the longest sentences in recent U.S. business fraud prosecutions, giving a former Dynegy Inc. accountant six years instead of the 24 initially handed down. Jamie Olis, 40, was resentenced by U.S. District Judge Sim Lake after the Supreme Court changed the effect of federal sentencing guidelines and the 5th U.S. Circuit Court of Appeals overturned Lake's original sentence.
BUSINESS
July 18, 2004
In response to "White-Collar Prison Terms Under Debate," July 11: Jamie Olis of Dynegy Inc. should have thought of his wife and child before he decided to violate a basic rule of Accounting 101. Proceeds of debt financing are never income. What he did is no different from robbing a bank, as he played a major role in robbing untold numbers of investors of billions of dollars. There is an excess of white-collar crime in the United States because on balance it is a crime that pays.
BUSINESS
November 5, 2003 | From Bloomberg News
Dynegy Inc.'s former director of tax planning relied on advice from accountants and lawyers in what prosecutors say was a scheme to inflate the company's operating cash flow, a defense attorney told a federal jury Tuesday in Houston. Arthur Andersen, Dynegy's auditor, offered guidance in the effort to increase the cash flow, Jamie Olis' lawyer said in the second day of Olis' criminal fraud trial.
Los Angeles Times Articles
|