11th Circ. Upholds 20-Year Sentence For Fraudster

Law360, New York (February 3, 2011, 8:05 PM EST) -- The Eleventh Circuit on Thursday upheld a convicted fraudster's 20-year prison sentence for a $15 million securities scheme, rejecting arguments that he didn't understand securities law and that inappropriate sentencing guidelines were used.

In an unpublished opinion, the U.S. Court of Appeals for the Eleventh Circuit backed the U.S. District Court for the Southern District of Florida's 2004 sentencing of Paul Johnson, who was convicted of perjury and running a securities scam between 1997 and 2000 that involved soliciting investments for his various package delivery companies....
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