Michael Peppel, MCSi (Miami Computer Supply)

Michael Pappel would have escaped from his seven day imprisonment and $5 million fine, if the investigators failed to notice a number of transactions between his company and the previously listed Frances Flood’s ClearOne Communications. He was the one who false certified the financial report by Frances Flood. He is also found guilty of money laundering and conspiracy to commit securities fraud. He served his seven days and paying his $5 million fine, which the court ordered him to pay as installments of $3000 per month, which will take 138 years to pay off.