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Former Blues owner enters guilty plea
(AP) ST. LOUIS --A former owner of the St. Louis Blues hockey team faces sentencing later this year after pleading guilty to a federal charge for backdating stock options.
In a plea agreement reached on Monday, former Engineered Support Systems Inc. co-founder Michael Shanahan Sr. also agreed to repay $7.9 million. In exchange for the guilty plea on one count of falsifying the records of a publicly traded company, the government dropped 11 other charges against Shanahan. The government also agreed to drop charges against his son, Michael Shanahan Jr.
Assistant U.S. Attorney Jeff Jensen, who handled the case, declined comment because charges are still pending against another former Engineered Support executive, chief financial officer Gary Gerhardt.
FULL STORY : http://www.bnd.com/sports/story/406767.html
In a plea agreement reached on Monday, former Engineered Support Systems Inc. co-founder Michael Shanahan Sr. also agreed to repay $7.9 million. In exchange for the guilty plea on one count of falsifying the records of a publicly traded company, the government dropped 11 other charges against Shanahan. The government also agreed to drop charges against his son, Michael Shanahan Jr.
Assistant U.S. Attorney Jeff Jensen, who handled the case, declined comment because charges are still pending against another former Engineered Support executive, chief financial officer Gary Gerhardt.
FULL STORY : http://www.bnd.com/sports/story/406767.html
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