81.4 F
Indianapolis
Monday, May 20, 2024

Health care software founder charged with fraud

More by this author

A California businessman has been accused of using bogus financial data to defraud investors who put $60 million into a health care transaction software company he founded.

Federal Magistrate Judge Nan Nolan ordered Jeremy Blackburn of Malibu, Calif., released on a $1 million unsecured bond Wednesday after the complaint was filed.

The complaint accused Blackburn of siphoning off $2 million of the money invested in his Canopy Financial Inc. for personal expenses and luxury items.

Blackburn resigned recently as Canopy president and CEO.

Defense attorney Steven Kowal said Blackburn is cooperating with federal investigators.

© 2009 Associated Press. Displayed by permission. All rights reserved.

- Advertisement -
ads:

Upcoming Online Townhalls

- Advertisement -

Subscribe to our newsletter

To be updated with all the latest local news.

Stay connected

1FansLike
1FollowersFollow
1FollowersFollow
1SubscribersSubscribe

Related articles

Popular articles

Español + Translate »
Skip to content