Saturday, September 24, 2005

Appealing a 100-Year Sentence for Fraud

Colorado financial advisor Will Hoover received a 100-year sentence for organizing a ponzi scheme that resulted in investors, many of whom are elderly, losing over $13 million.  Hoover has appealed the sentence to the Colorado Court of Appeals by citing to the sentences of Bernie Ebbers (25 years) and Dennis Kozlowski (maximum of 25 years) as setting the upper limit of a reasonable sentence.  A Rocky Mountain News article (here) discusses the appeal. (ph)

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