5-Year Sentence For Convicted Schemer Absurd: Attys

Law360, New York (October 21, 2010, 1:06 PM EDT) -- Attorneys for convicted securities fraudster Laurence Isaacson have ripped a presentence report that recommends their client spend five years in prison for his role in operating a $500 million hedge fund scheme through several shell companies, calling the proposed prison term absurd and suggesting he serve a sentence of six to 12 months instead.

Isaacson's attorneys filed a motion on Wednesday in the U.S. District Court for the Southern District of Florida opposing the presentence report, which was prepared by a probation officer and calls for...
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