Former Calumet Farm president J.T. Lundy was released Tuesday morning after serving a prison sentence for bank fraud, conspiracy, and bribery convictions.
A federal appellate court has upheld Gary Matthews' conviction for participating in a scheme to defraud a Houston bank out of $65 million. The former chief financial officer for Calumet Farm will be required to serve his entire 21-month prison sentence.
A federal appellate court indicated in mid-February it did not intend to change the status of former Calumet Farm president J.T. Lundy's conviction on charges of bribery and deceit. Lundy immediately requested another hearing before the Fifth Circuit U.S. Court of Appeals headquartered in New Orleans.
Most Popular Stories
- Indiana Grand Reports Increased Wagering
- Bell to Head Thoroughbred Aftercare Alliance
- Tax Break on Racehorses Passes Congress
- Aussie Sale Buyers Can Request Steroid Test
- Court Decision Threatens Illinois Racing
- Newsmakers of 2014
- New York Panel Announces Winning Casino Bids
- RCI Request Would Change RMTC's Current Role
- Cancer Takes Hillary Farish Stratton
- Moment of the Year Voting Begins