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

Criminal Law

: Sentencing Law and Policy

Another triple-digit federal sentence for ponzi schemer

By Douglas A. Berman

This local article, headlined "Ponzi scheme leader sentenced to 100 years," highlights another triple-digit  federal sentence imposed on a white-collar offender earlier today.  Here are the details of a sentencing today that fell a bit short of the Bernie benchmark of 150 years' imprisonment: A federal judge in Riverside this morning sentenced Richard M. Harkless to 100 years in prison for his role in running the MX Factors investment scheme, which took in nearly $60 million from more than 600 people between 2000 and 2003. U.S. District Judge Virginia Phillips said Harkless had shown no remorse for his actions, either during his trial or in pre-sentence filings. The judge said many of Harkless? victims were vulnerable to deception, and several lost homes or had to declare bankruptcy because of their losses...continue to full post

Full post as published by Sentencing Law and Policy on September 28, 2009 (boomark / email).