Ponzi Schemer Seeks To Cut $24M Restitution Proposal

Law360, New York (March 2, 2011, 7:57 PM EST) -- A Danish woman who pled guilty to her role in a $250 million international Ponzi scheme urged a Virginia federal court Tuesday to reduce the $24 million restitution prosecutors have demanded, saying she is broke and "surely will remain so."

Birgit Mechlenburg, 63, who received a five-year prison sentence in January for conspiracy to commit wire fraud, argued she should pay only $1.72 million dollars in restitution to burned investors, according to a memorandum filed in the U.S. District Court for the Western District of Virginia....
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