Gov't Says Nadel Doesn't Deserve Sentencing Break

Law360, New York (October 20, 2010, 1:45 PM EDT) -- Federal prosecutors have reiterated their push for a 20-year jail sentence for admitted Ponzi schemer Arthur Nadel, days after Nadel's attorneys, citing his failing health and unjailed co-conspirators, sought leniency for their client.

Preet Bharara, U.S. attorney for the Southern District of New York, has asked the federal judge overseeing Nadel's case for a guideline sentence of between 235 and 293 months, to reflect the seriousness of his offenses and to promote respect for the law, according to Bharara.

On Friday, Nadel's attorneys asked the U.S....
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