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7th Circ. Upholds 4-Year Sentence For Defrauding Seniors

Law360, Springfield (October 17, 2017, 11:08 PM EDT) -- A Seventh Circuit panel on Tuesday refused to overturn a sentencing order against a California man convicted of defrauding investors — including Illinois residents — of nearly $1 million in a retirement savings scheme between 2009 and 2012.

The appellate panel declined to give merit to any of Travis Oliver’s arguments that U.S. District Judge Philip Reinhard relied on inaccurate information or miscalculated his sentence of 51 months in prison for leading the fraud of Electus Asset Holdings LLC. Oliver was sentenced last September and began...
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