Will his boats be up for sale soon?
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HawkX66 (07-24-2021)
10-30-2020, 09:20 PM
#22
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Figure two years of stuff before they go to court. Im guessing that would be a three to four week trial. That’s a lot of time and money. If the feds win, they will seize and liquidate everything, it’ll all be forfeited and he will owe the few hundred million in restitution (that of course he doesn’t have, blood from a rock). At which point after the conviction he can start appeals for everything. Not only the prison and restitution sentence, he can appeal on the money that was seized, stuff like “this money was made legitimately from my boat dealership” and “I inherited this twenty thousand dollars back in 1990, that’s turned into this portion of $xyz in my investment account.” I would guess there’s plenty of money laundering charges that substantially open up what they can take from him. From
what I’ve seen those go into being able to take not only the laundered money, but anything used to launder the money.
A plea bargain gets it done with a reasonable sentence and usually waives all rights to any appeals.
Hopefully someone more versed in this subject can weigh in (smarty comes to mind) but that is the stuff I’ve seen. The stuff I’ve posted really
come from reading up on a local person who got convicted in a huge mortgage fraud deal who decided to represent himself and pissed the judge off. Appeals still going left and right and he was arrested in 2008 and convicted and sentenced in 2010. So I guess a long post for a guess haha.
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bulletbob (11-01-2020)
10-30-2020, 11:02 PM
#23
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Charter Member
10-31-2020, 06:46 AM
#26
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White collar crime. He'll pay 100 mill in restitution and another 100 mill in payoffs to the judge and DA and his lawyer and then keep the rest after serving 2 years in fed country club fenceless prison.
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Nothing personel 353 (10-31-2020)
10-31-2020, 07:58 AM
#28
Paying off judges/DA in the midwest? Not a chance, this isn't Mexico.
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Griff (11-01-2020)
10-31-2020, 08:01 AM
#29
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That money is looooonnnnnnng since spent. No chance he still has 100mm after 20 years. Remember he had a business doing this, employees to pay, heck if he paid taxes on this 1/3 is gone right there.
Paying off judges/DA in the midwest? Not a chance, this isn't Mexico.
Paying off judges/DA in the midwest? Not a chance, this isn't Mexico.
10-31-2020, 08:21 AM
#30
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My prediction will be 3.5 years plead out.
They are Federal charges... Normal (Non political) Federal cases take forever before they prosecute, they will let the person have a whole spool of line run before they yank it in. Generally speaking, once they file the charges it is a slam dunk for the prosecution. That is why 99% of Federal cases are plead out rather than a trial. I have worked on a number of cases throughout the years and ALWAYS when the charges were filed, there was never a question of guilty or not guilty, just how much time and how big of fines... That being said, you are innocent until proven guilty, just be aware the feds will most always have EVERYTHING to find you guilty...
They are Federal charges... Normal (Non political) Federal cases take forever before they prosecute, they will let the person have a whole spool of line run before they yank it in. Generally speaking, once they file the charges it is a slam dunk for the prosecution. That is why 99% of Federal cases are plead out rather than a trial. I have worked on a number of cases throughout the years and ALWAYS when the charges were filed, there was never a question of guilty or not guilty, just how much time and how big of fines... That being said, you are innocent until proven guilty, just be aware the feds will most always have EVERYTHING to find you guilty...
