A ruling on the appeal of three Capital + Merchant directors against their sentences and convictions, which could have implications for other cases, is expected out this week.
Wayne Douglas and Neal Nicholls, the founding directors and beneficial owners of failed finance company Capital + Merchant, were found guilty of three charges of theft by a person in a special relationships in July.
The High Court's Justice Ed Wylie said the pair loaned investor money for their own benefit in ways that breached Capital + Merchant's trust deed.
Nicholls and Douglas, both in their 50s, were in August handed down 7.5 years in jail each - the longest sentences given to failed finance companies bosses to date.
Former C+M director and chief executive Owen Tallentire, who is in his mid-60s, was also found guilty of two charges in this case and sentenced to five years in jail.