Ponzi Schemer Facing 23 Years Asks For Court Atty

Law360, New York (November 5, 2010, 2:37 PM EDT) -- Confessed Chicago Ponzi schemer Frank Castaldi has asked a federal court to appoint an attorney to represent him as he appeals a 23-year sentence that was nearly twice what prosecutors had sought for his $77 million fraud.

Castaldi’s one-page request says he is about to begin his prison term and surrender most of his substantial assets through restitution. It was filed Thursday in the U.S. District Court for the Northern District of Illinois by Castaldi's former attorney, Barry Spevack.

Castaldi admitted to authorities in 2008 that...
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