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Thursday, April 18, 2024 | Back issues
Courthouse News Service Courthouse News Service

Ponzi Sentence

A Ninth Circuit panel on Friday vacated the 168-month sentence and restitution order of a man who pleaded guilty to running a Ponzi scheme, finding the maximum sentence for the crime is 120 months and the restitution order lacked the necessary judicial inquiry.

PASADENA, Calif. (CN) – A Ninth Circuit panel on Friday vacated the 168-month sentence and restitution order of a man who pleaded guilty to running a Ponzi scheme, finding the maximum sentence for the crime is 120 months and the restitution order lacked the necessary judicial inquiry.

Categories / Appeals, Criminal

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