An unauthorized collection of the records of Alternate Energy Holdings, inc., its principals and subsidiaries, and their antics, trials, and tribulations

Former AEHI CEO Don Gillispie

Former AEHI CEO Don Gillispie
OK, everyone, I've got to step out for just a minute. I'll be right back, I promise!

Thursday, January 7, 2016

Former AEHI VP Jennifer Ransom Sentenced to Bureau of Prisons for 30 months, followed by supervised release for 3 years

Judge Lodge: (paraphrasing his words to her before pronouncing the sentence) I've spent a lot of time on this.  In this court you said "I didn't know," while now you say "It's so obvious." You were involved with a person that was obviously the mastermind, but you were receiving significant salaries, stock issuances, 21 million shares, trips, and cars, and a substantial amount of cash.
The nature of securities of law is such that we have to have strict guidelines because it is susceptible to being manipulated.  Many investors suffered serious consequences as a result of this manipulation.
The sentence that is imposed by the court reflects the seriousness of the offense.
In sentencing, you try to promote respect for the law and you don't do that by sending the wrong message with a light sentence.
I realize that Gillispie is the mastermind, and that he did abscond.
You don't want to minimize what happened here.  We're trying to protect the public from further crimes from the defendant.  We need to try to make it so others do not find themselves in the same seat you are in.
I've wrestled with this for not a short period of time.

Following those comments, Judge Lodge sentenced her to 30 months in prison for her role in the Alternate Energy Holdings, Inc. debacle.

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