Supreme Court Won't Review Stock Promoter's Restitution

Law360, New York (March 10, 2014, 1:40 PM EDT) -- The U.S. Supreme Court on Monday declined a convicted stock promoter's request to reconsider sentencing guidelines for securities fraud convictions so restitution payments would be based on a calculation he claims is closer to victims' actual losses.

Myron Gushlak, who is currently serving a six-year federal prison term, had argued that the $17.5 million a New York district court ordered him to repay victims was excessive and based on an improper use of “regression analysis,” which he claimed violated the Mandatory Victim Restitution Act. His February...
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