This February marks the 100th anniversary of an Ohio State tradition. Since 1915, the chimes have been part of University life, housed in one of the oldest and most unique buildings on campus. WOSU’s Tom Rieland has this profile on the Chimes of Orton Hall…
Ohio CEO Sentenced To 7 Days In Jail Could Now Get 10 Years
A former Ohio CEO sentenced to one week in prison for inflating stock prices and losing investors millions could now face a sentence of up to 10 years.
The drastic difference comes after a federal appeals vacated Michael Peppel’s first prison term in February, saying it was unreasonably short for the seriousness of his crimes.
Judge Sandra Beckwith will re-sentence Peppel this week in federal court in Cincinnati.
Beckwith is the same judge who handed down Peppel’s one-week sentence in October 2011, saying he was “a remarkably good man.”
Prosecutors are asking that he get 10 years in prison.
The 44-year-old Peppel pleaded guilty in 2010 to money laundering in what prosecutors say was a deliberate scheme to defraud millions of dollars from investors in the now-defunct MCSi Inc.