A former coupon industry executive who knows a little something about clipping coupons and saving money may have just saved himself up to $21 million – but he’s failed in an attempt to secure his freedom.

A federal appeals court yesterday upheld the December 2016 conviction and subsequent sentencing of Chris Balsiger, the former CEO of coupon processing company International Outsourcing Services. That means Balsiger will continue serving a 10-year sentence for wire fraud, conspiracy to commit wire fraud and conspiracy to obstruct justice, and will have to pay $65 million in restitution to the coupon-issuing companies he defrauded.  Entire Coupons in the News article here.