4th Circ. Affirms Sentence In $100M Securities Fraud

Law360, New York (January 23, 2013, 11:13 PM ET) -- The Fourth Circuit on Wednesday affirmed a lower court’s sentence that A&O Resource Management Ltd. co-founder Christian Allmendinger spend 45 years in prison and pay $102 million in restitution for his role in an insurance investment scheme.

A three-judge panel upheld a Virginia federal judge’s 2011 orders, rebuffing Allmendinger’s argument that the lower court had handed out a procedurally unreasonable sentence based on an incorrect calculation of losses that his scheme had cost or meant to cause.

The lower court had found that Allmendinger had been the...
To view the full article, register now.