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Old 07-13-2015, 05:12 PM
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Jeffrey Lichtman
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Join Date: Apr 2009
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Quote:
Originally Posted by Peter_Spaeth View Post
According to the plea agreement again, the maximum fine is twice the gross gain. And obviously I know how to read, my point is that "appropriate" has to be defined in terms of what the law provides.
Let's split hairs for another week and ignore the 600 pound gorilla in the room. Regardless, the fine has a statutory max on what Mastro pleaded guilty to. Had he been required to plead to a different charge the fine could have been significantly bigger. Same with the maximum statutory period of incarceration. Had he been required to plead to a different charge he could have been facing 20 years and his guidelines significantly higher. Just because prosecutors reached a plea agreement does not suggest for a second that they believe the evidence of fraud is not more significant than what is in the agreement. That's just what they settled on to get rid of the case.