On June 5, 2003, both men were found guilty of all 46 counts - 23 each of interstate fraud and money laundering. Gomez was sentenced to 21 years and 10 months in federal prison, and Nichols was sentenced to 24 years and four months; Nichols drew the stiffer sentence because Laughrey found he'd perjured himself on seven occasions during his testimony. Both were also ordered to pay $12.5 million in restitution. Gomez was fined an additional $8.7 million - an amount presumed missing. It was never established who was mainly responsible for the scam.