Tuesday, December 16, 2008

Sentencing - General Re Exec

The Hartford Courant reports on the sentence of a former General Re executive.  See Convicted Gen Re Executive Gets 2 Years In Prison.  See also Colleen McCarthy, Business Insurance, Ferguson gets two-year sentence for finite fraud. For background see here and here.  Doug Berman over at Sentencing Law & Policy here also presents thoughtful comments on the sentence.  Dan Slater at the WSJ Blog discusses who represented this individual. (see Former GenRe CEO Gets Off With a Mere Two Years)

The government's sentencing memo looked at a significant loss figure (see here)  There was also the judge's conclusion on the loss figure  - "30 levels will be added to the defendants’ guidelines for loss of more than $400 million, 6 levels will be added for more than 250 victims, and no restitution will be ordered."  There was the possibility of an extremely long sentence based upon this loss figure.

But now seeing the sentence imposed and the amount of loss previously stated, it appears that the court used reason in imposing a sentence that not only meets the offense, but more importantly focuses on the offender. It is good to see a movement away from using strict mathematical computations to determine a sentence, and to see that it is important to remember that it is an individual being sentenced.

(esp)

Addendum, Chad Hemenway, Bestweek/Bestwire, Feds in Ferguson Case: Former Gen Re Chief Executive Sentence Sends Message

http://lawprofessors.typepad.com/whitecollarcrime_blog/2008/12/sentencing---ge.html

Sentencing | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef0105367ff7c6970c

Listed below are links to weblogs that reference Sentencing - General Re Exec :

Comments

Blogs are good for every one where we get lots of information for any topics nice job keep it up !!!

Posted by: help with dissertation | Dec 16, 2008 11:34:08 PM

More & more people know that blog are good for every one where we get lots of information any topics !!!

Posted by: penis size | Feb 26, 2009 10:29:22 AM

Nice blog, its great article informative post, thanks for sharing it. Thanks for the information!

Posted by: Term paper | Aug 12, 2009 7:39:14 AM

Excellent post and wonderful blog, I really like this type of interesting articles keep it up.

Great regards!

Posted by: Dissertation writing | Sep 1, 2009 3:56:22 AM

Hi,
This is really great work. Thank you for sharing such a useful piece of information here in the blog.

Posted by: Business plan | Oct 21, 2009 11:36:33 PM

Whenever i see the post like your's i feel that there are still helpful people who share information for the help of others, it must be helpful for other's. thanx and good job.

Posted by: Masters Dissertation | Dec 13, 2009 12:29:52 AM

Whenever I see people like you which sharing information for other peoples, I feel so glad, thanks for your information and continue your work.

Posted by: custom research papers | Jan 20, 2010 3:20:48 PM

Hi,
Such interesting read and information, thanks for sharing this post, I've already bookmarked your blog. I can see that you are putting a lot of time and effort into your blog and detailed articles! I am deeply in love with every single piece of information you post here. Will be back often to read more updates.

Posted by: custom research papers | Jan 20, 2010 3:22:03 PM

Whenever I see people like you which sharing information for other peoples, I feel so glad, thanks for your information and continue your work.

Posted by: custom research papers | Jan 20, 2010 3:23:28 PM

Wow!1

Posted by: It's Gonna Hurt | Jan 26, 2010 11:45:45 PM

Post a comment