1st Circ. Won't Trim Sentence For Ex-Financial Adviser

Law360, New York (June 14, 2011, 6:38 PM EDT) -- The First Circuit on Monday affirmed a former financial adviser and alleged rapist's eight-year prison sentence on a fraud conviction, saying the defendant did not meet his heavy burden of showing that the sentence was unreasonably long.

Stephen Clifford, who was given what he called an excessive sentence after he pled guilty in May in Massachusetts to perpetrating an investment fraud that gutted the savings of dozens of victims, had argued that there was an unfair disparity between his sentence and those given to others convicted...
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