For the second time in less than two years, Michael Peppel will be sentenced for the same crimes.
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June 2003: MCSi Inc. files for bankruptcy protection. Ultimately, the company is liquidated, affecting more than 1,300 employees.
December 2006: Peppel is indicted.
August 2010: Peppel pleads guilty in federal court to willful false certification of a financial report by a corporate officer, money laundering and conspiracy to commit securities, mail and wire fraud.
June 2011: MCSi’s debts to bank lenders amounted to $88.5 million, a prosecution witness testified at a hearing to determine Peppel’s sentence.
October 2011: Judge Sandra Beckwith sentences Peppel to seven days in jail as well probation and a $5 million fine.
November 2011: Prosecutors filed a notice as a first step toward challenging the seven-day sentence.
February 2013: The U.S. Court of Appeals for the Sixth Circuit rules that the sentence is too short and that Peppel should be resentenced.
Staying with the story
The Dayton Daily News in the only local news outlet to have provided complete coverage of the rise and fall of MCSi Inc. and its former chief executive, Michael Peppel, over the past 13 years. We will continue to follow this story in federal court in Cincinnati.