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A district court rejected a motion by a formerly practicing lawyer and CPA, who ran a Ponzi scheme that defrauded many elderly out of their life savings, to reconsider imposing a “sophisticated means” enhancement to his prison sentence.
The court found that the former practitioner’s creation of 1099 forms and resulting tax returns for many of the investors perpetuated the lie that his clients’ investments were safe and earning interest and such illusory compliance with the law, the court concluded, showed a greater level of planning or concealment than a typical fraud of its kind. U.S. v. Marshall, 2022 PTC 115 (N.D. Ind. 2022).[/vc_column_text][us_image image=”3531″][/vc_column][/vc_row]
