WKYT | Lexington, Kentucky | News

PurchasePro CEO Found Guilty

A federal judge issued a guilty verdict for Lexington native, Charles "Junior" Johnson.

The Lexington Herald Leader says Johnson was found guilty of conspiracy and wire fraud.

He was a dot-com multi-millionaire before his Las Vegas-based PurchasePro became involved in an accounting scandal.

The government charged that Johnson engaged in a number of fraudulent acts in order to prop up PurchasePro's revenue picture and stock price.

Johnson could now decades in prison.


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