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Former CEO could go back to prison
Updated: Friday, 15 Feb 2013, 5:11 PM EST
Published : Friday, 15 Feb 2013, 5:11 PM EST
DAYTON, Ohio (WDTN) - A former Miami Valley CEO could go back to prison after prosecutors claim his light sentence was a crime in itself.
Michael Peppel, formerly of MCSi, was sentenced to seven days in jail back in October of 2011 on fraud charges.
Prosecutors appealed that sentence claiming a crime that caused hundreds of shareholders to lose $18-million needs a harsher punishment.
An appeals court agreed.
Recommendations for prison time now run from 8 to ten years. No re-sentencing date has been set.
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