Case Study: US V. Woolf Turk

Law360, New York (December 20, 2010, 11:48 AM EST) -- The U.S. Court of Appeals for the Second Circuit recently issued a sentencing decision that shuts the door on an argument that defendants in mortgage fraud-related cases had hoped would dramatically reduce their exposure under the United States Sentencing Guidelines. In United States v. Woolf Turk, No. 09-5091-cr (2d Cir. Nov. 30, 2010), the court held that a New York-based real estate developer found guilty of defrauding over 70 individual investors in a phony collateral scheme should be held accountable under the United States Sentencing Guidelines...
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