The former head of the State University of New York's Polytechnic Institute has been sentenced to three and a half years in prison for his role in corrupting the state's Buffalo Billion project.
Alain Kaloyeros was sentenced Tuesday in Manhattan federal court by Judge Valerie Caproni.
She also fined him $100,000.
The judge said he can remain free on bail pending appeal because there was a substantial legal question that the appeals court must consider. However, she said he must report to prison two months after the appeals court rules, if it upholds the conviction and sentence.
Kaloyeros, who apologized to New York state residents, was convicted in July of conspiracy and wire fraud.
His lawyers said afterward they still believe him to be "an innocent man."