A few months ago, Rensing pleaded not guilty to embezzling $8.5 million -- people familiar with the matter said part of that amount is likely made up of legitimate expenses. He has changed his plea now that the amount is down to $7 million, admitting guilt to one count of wire fraud, which could lead to a maximum sentence of 20 years in prison and three years of supervised release. It was probably the best course of action for him, since his deal with prosecutors didn't require him to plead guilty to aggravated identity theft, as well. - Mariella Moon, Engadget [via/web:http://streaming-tv.us]
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