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"How a Fraud's Value Affects Prison Time"

By Douglas A. Berman

The title of this post is the headline of this new Wall Street Journal article.  Here are excerpts: When Bruce Karatz was running KB Home, the giant home builder pulled in billions of dollars a year in revenue.  But now, a mere $11 million could help determine whether Mr. Karatz spends more than a half decade in prison.... The U.S. Probation Office, an arm of the courts, has recommended that Judge Otis Wright give Mr. Karatz probation and eight months of home confinement. The U.S. Attorney's office here wants a 6.5-year prison sentence.  In a filing, the prosecutors argue that confining Mr. Karatz in his "24-room Bel-Air mansion," would suggest "a two-tiered criminal justice system, one for the affluent ... and a second for ordinary citizens...continue to full post

Full post as published by Sentencing Law and Policy on November 09, 2010 (boomark / email).