Defense Seeks Leniency For Fraudster Nicholson

Law360, New York (October 11, 2010, 12:57 PM EDT) -- Lawyers for admitted financial fraudster James M. Nicholson have asked a federal judge to dole out a lenient prison sentence, saying the 45 years allowed under federal sentencing guidelines is far too harsh.

"A proposed term of incarceration in the range of 360 to 540 months is draconian," lawyers James A. Mitchell and Erik M. Zissu of Stillman Friedman & Shechtman PC said Friday in a memo to the U.S. District Court for the Southern District of New York, which will decide Nicholson's fate.

"Mr. Nicholson's...
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