Time to Get Out Your Checkbook, Mr. Anderson
When we last looked at Walter Anderson he was being sentenced to nine years at ClubFed. We wrote, at that time, "But Mr. Anderson did get lucky in one respect. Because the plea agreement was poorly written, the judge did not order Mr. Anderson to make restitution." And since the amount of restitution would be $200 million, Mr. Anderson appeared to catch a lucky break.
The IRS appealed that portion of the sentencing, and Mr. Anderson appealed the nine years he received at ClubFed. The appeals court ruled on Friday, and it was a double dose of bad news for Mr. Anderson. First, his nine year sentence was upheld. And second, the Court found that citing the wrong statute in the plea agreement didn't preclude restitution. "...[T]he parties nonetheless agreed that restitution could be ordered on the federal counts."
Link to Appellate Court Ruling
The IRS appealed that portion of the sentencing, and Mr. Anderson appealed the nine years he received at ClubFed. The appeals court ruled on Friday, and it was a double dose of bad news for Mr. Anderson. First, his nine year sentence was upheld. And second, the Court found that citing the wrong statute in the plea agreement didn't preclude restitution. "...[T]he parties nonetheless agreed that restitution could be ordered on the federal counts."
Link to Appellate Court Ruling
Posted by Russ on
Sunday November 16, 2008 at 7:05pm