CHICAGO—Two defendants who were convicted at trial earlier this year were sentenced today to federal prison for fraudulently running a sham minority-owned cable television installation business that obtained $8.3 million in subcontracts from a cable company that serves residents on the city’s north side. The defendants, Guy Potter and Matthew Giovenco, neither a minority, actually controlled and operated the now-defunct ICS Cable Inc., which they and others fraudulently disguised as a minority-owned business to obtain city-mandated minority sub-contracts under the lakefront cable franchise held by RCN Telecom Services of Illinois LLC. For full story click here.
