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Ohio

TexasTowelie

(117,651 posts)

2. The most damning part is that Scudder resigned his position as a trustee

Reply to judesedit (Reply #1)

Sat Jun 10, 2017, 04:28 AM

Jun 2017

and double-downed afterwards falsely representing that he was still a trustee to give legitimacy to the scheme.

Considering that he could have received up to 20 years, fourteen months is lenient for the crime. It does not state exactly how much he profited from the scheme, how much he must pay in restitution, or if he cooperated in the prosecution of major players of the scheme to mitigate his sentence; but my impression is that 5-10 years would be a more appropriate sentence.

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Local Attorney Sentenced for Wire Fraud Related to $70 Million Ponzi Scheme [View all] nitpicker Jun 2017 OP

14 months in prison for bilking $70 million???? You can get 2-4 years for stealing $1000 judesedit Jun 2017 #1

The most damning part is that Scudder resigned his position as a trustee TexasTowelie Jun 2017 #2

Agree. Only if Scudder cooperated judesedit Jun 2017 #5

Exactly! BlueMTexpat Jun 2017 #3

sentencing for white collar crime is kind of lopsided mdbl Jun 2017 #4