Ponzi Schemer Fights 10-Year Sentence In 7th Circ.

Law360, New York (August 3, 2011, 3:33 PM EDT) -- An attorney for an admitted Ponzi schemer told the Seventh Circuit on Tuesday that her client's 10-year prison sentence was unreasonable because the district court miscalculated the number of victims and their losses in his $28 million scam.

When sentencing Matthew Scott in September for orchestrating a commercial printer resale scam, an Illinois district court judge erroneously included victims' spouses, family members and businesses in the victim count without having proof that each of those people and entities experienced an actual loss, Johanna Christiansen of the...
To view the full article, register now.