Jamie Olis, 38, a former tax executive for Dynegy Inc., was sentenced Thursday to 24 years in prison for his role in disguising the company’s finances within a transaction dubbed “Project Alpha,” which hid $300 million in debt.
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Defense Says Everything on ‘Up and Up’ with Ex-Dynegy Finance VP
Everything was on the “up and up” with former Dynegy Inc. executive Jamie Olis, his defense attorney said in opening arguments Tuesday. Instead, said attorney Terry Yates, former Dynegy auditor Arthur Andersen used “accounting tricks” that were most responsible for the design and mismanagement of Dynegy’s Project Alpha, a complex natural gas transaction first set up in 1998.
November 5, 2003
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