Unify Corporation (UNFY)

[martinwitton]

Fraud sentence delayed for former CEO of Sacramento, Calif.-based Unify

Saturday , August 14, 2004 03:30 ET

Aug 14, 2004 (The Sacramento Bee - Knight Ridder/Tribune Business News via COMTEX) -- A San Francisco federal court Friday postponed sentencing Reza Mikailli, the 52-year-old former president and CEO of Sacramento-based Unify Corp. who was convicted of securities fraud and conspiracy.

Securities and Exchange Commission attorney James Howell blamed the delay on confusion about sentencing since the U.S. Supreme Court ruled in June that only juries, not judges, can lengthen prison terms beyond the maximum set in sentencing guidelines.

The decision pertains to a variety of cases - from drug busts to robberies and fraud - in which judges can add time to a defendant's sentence by finding additional facts.

A jury found Mikailli guilty in November on nine counts of fraud and one count of criminal conspiracy, activities that netted him about $4 million, according to court documents.

By Jon Ortiz
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(c) 2004, The Sacramento Bee, Calif. Distributed by Knight Ridder/Tribune