Tag: Ponzi scheme sentences
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BULLETIN: Appeals Court Upholds Federal Judge Who Departed From Sentencing Guidelines And Prosecution’s Recommendation — And Imposed Maximum Prison Term On Louisiana Ponzi Schemer
The U.S. Court of Appeals for the 5th Circuit has unanimously upheld the 30-year sentence imposed last year on Ponzi schemer Matthew B. Pizzolato by U.S. District Judge Lance M. Africk of the Eastern District of Louisiana. Although Pizzolato had worked out a plea deal with prosecutors that included a nonbinding recommendation for Pizzolato to…