Monday, May 22, 2006

What Happened to Jamie Olis?

Bill Olis, father of Jamie Olis, reminds us that it has been two years since Jamie Olis entered federal prison. Olis, former "Senior Director of Tax Planning and International (and later, Vice President of Finance) at Dynegy," has been in the Houston federal detention center awaiting re-sentencing following a 5th Circuit appellate decision remanding the case for re-sentencing. (see here)  Olis initially received a sentence of 24 + years.  The appellate court in the Olis case stated that "[b]ecause the district court's approach to the loss calculation did not take into account the impact of extrinsic factors on Dynegy's stock price decline, Olis is entitled to re-sentencing on this factor, subject to the principles" discussed within the opinion.  Although co-defendants were re-sentenced months ago, there has been no word on the sentence of Olis.

(esp)

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