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October 27, 2005

Former Seitel CEO sentenced

seitel.gifThe former CEO of Houston-based geophysical seismic company Seitel, Inc. -- 58 year old Paul Frame, Jr. -- was sentenced today in federal court to over five years in federal prison for converting $750,000 from the company to fund a settlement of a civil lawsuit filed by a former fiancee. Here are previous posts on Seitel and Mr. Frame's case, and here is the Chronicle story on the sentencing.

Posted by Tom at October 27, 2005 1:39 PM

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