Home -> Law Blog Directory -> Criminal Law Blogs -> Sentencing Law and Policy

Criminal Law

: Sentencing Law and Policy

A (record-setting?) long white-collar sentence

By Douglas A. Berman

This local report from Denver has me wondering whether a new record has been set for the longest white-collar federal sentence.  Here are the basics:U.S. District Court Judge Robert Blackburn sentenced a man to 330 years in prison Tuesday for his role in a $56 million investment scam from which proceeds were used to buy the Redstone Castle.  At 72, it's unlikely Norman Schmidt, of Denver, will ever be released.You gotta like the foresight of the reporter here, who thinks it "unlikely" that Schmidt will live until the year 2338 to get released.  (Then again, with 15% good-time credit, Schmidt may be able to get out as early as the year 2289.)  Silly numbers aside, here is what led to this extraordinary federal sentencing term:Investigators believe Schmidt obtained tens of millions of dollars from hundreds of investors for his own personal gain...continue to full post

Full post as published by Sentencing Law and Policy on May 01, 2008 (boomark / email).