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Contractor Receives Prison Time

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Philip D. Bolen, president of Nexex Corp. of Altamonte Springs, Fla., will serve 30 months in prison and three years of supervised release for mail and wire fraud, for theft of government property and for making a false statement to a government agency. Bolen, a supplier of excimer laser systems, also must perform 150 hours of community service and pay more than $350,000 to NASA and seven other parties.

In May, a federal grand jury indicted Bolen on 55 counts of fraud, stemming from complaints that he did not deliver more than $500,000 in laser products and training services to NASA's Glenn Research Center in Cleveland and to the other parties in the suit . He had been jailed without bond since his arrest in March and had accepted the four-count plea agreement in August.

Photonics Spectra
Dec 2001
As We Go To PressBreaking NewsNexex CorpPresstime Bulletin

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