From convicted sex offender to millionaire, man gets new life

Read more black newsCNN – Last week’s exoneration not only clears Phillips’ name and his credit report, it will also make him a wealthy man. Texas law awards an exoneree $80,000 for each year of wrongful incarceration, so Phillips will get a lump sum of $960,000 and then $80,000 a year for as long as he lives.

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