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Potent punishments for ponzi players after Madoff mess

By Douglas A. Berman

This local article from Florida, which is headlined " Ponzi convictions are weightier now," provides an effective window into the modern dynamics surrounding sentencing for a certain class of white collar offenders.  Here is how the effective article starts: It's a bad time to be picked off for running a Ponzi scheme. Once brushed off, white-collar scams with real victims are now being treated as serious criminal enterprises by both prosecutors and judges operating in a post-Madoff world. Getting out on bail is tough and sentences are getting longer. Compounding the situation for defendants in federal cases is that there is no such thing as parole. Last week, three Sarasota residents -- Beau Diamond and John and Marian Morgan -- were indicted by a federal grand jury on 18 felony counts each...continue to full post

Full post as published by Sentencing Law and Policy on December 20, 2009 (boomark / email).