CyberNet Executive Gets Five Years USA (wgvu) - A former CyberNet executive has been
sentenced to five years in prison.
The failed Grand Rapids-based information technology company is
at the center of a huge fraud investigation. Prosecutors say the
company defrauded lenders of about 100 (m) million dollars.
Jonathan Mast of Plainwell was the company's vice president for
sales. He resigned in 2003, cooperated with investigators and
pleaded guilty to federal fraud charges.
The CyberNET Group operated from 1992 to 2004. Founder Barton
Watson shot and killed himself after the scandal erupted.
His widow and a former aide still face prosecution.
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