A former executive of a Kentucky data-processing company who admitted taking part in a multi-million dollar fraud has been sentenced to 18 months in prison.
A federal judge also ordered Michael W. Sulfridge to pay a fine of $52,282, court records show.
Sulfridge, who now lives in Alabama, was once a vice president at London-based Image Entry, which was founded by Bill D. Deaton.
Sulfridge admitted he falsified reports to make it look as if Image Entry had higher earnings and lower expenses than it really did after Deaton sold the business to SourceCorp in 2001, which helped Deaton get a $25 million bonus on the sale, court records show.
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Sulfridge got nearly $600,000 for helping in the scheme, federal officials said. Both men pleaded guilty.
Deaton, who repaid SourcCorp $25 million, was sentenced to two years' probation, with a year of that on home detention, and fined $1 million.