Last week, Alabama Circuit Judge Eugene Reese sentenced William Chris Blane of Vero Beach, Florida to fifteen years incarceration, which will be split to serve three years with five years probation that will be served up front. His probation was ordered in order for him to make restitution payments amounting to $2,926,870, plus fines and fees ordered by the Court and required by law.
Blane pleaded guilty to four counts of securities fraud in January, at which time his crimes were Class C felonies punishable by not more than ten years, nor less than one year and one day in prison and not more than a $15,000 fine per charge. Blane agreed to make restitution payments over a four year period during his probation.
Blane was indicted in May and November 2014 by Montgomery County, Alabama Grand Juries for his alleged role in the offer and sale of securities in EyeWonder, Inc. of Atlanta, Georgia and Poly-Triplex Technologies, Inc./Poly-Triplex Investors, LLC, both of which are of Florida. According to the Alabama Securities Commission, Blane was not registered to legally offer and/or sell securities into, within, or from Alabama.
If you or someone you know has lost money as a result of an investment or Ponzi scheme, please contact Richard Frankowski at 888-741-7503 to discuss your potential legal remedies or complete the contact form.