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Appeals court upholds sentence in Ponzi scheme
Court Watch |
2011/09/16 15:54
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A federal appeals court has upheld the 30-year prison sentence for a man convicted of operating what prosecutors called the largest Ponzi scheme in Louisiana's history.
In a 15-page opinion issued Friday, the 5th U.S. Circuit Court of Appeals affirmed the sentence for Matthew Pizzolato, of Tickfaw.
Pizzolato also was ordered to make over $15 million in restitution to the 165 victims he defrauded. He had offices in Baton Rouge, Covington, Hammond and Lake Charles and advertised investment services under several company names, including Gulf Region Guaranty Inc.
Prosecutors said he promised high rates of return and claimed investors' money was protected against losses, but made risky investments they didn't authorize, gave away millions to friends and family and spent much of the money on luxury items for himself. |
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Guilty plea for Va. man in $318K Social Security fraud
Court Watch |
2011/09/09 15:56
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A Bristol man has pleaded guilty to stealing Social Security benefits and making false statements in an attempt to hide the thefts.
Seventy-one-year-old David Ross entered the plea Thursday in federal court in Abingdon.
Ross faces a sentence of up to 65 years in prison on all counts.
Federal prosecutors say Ross admitted stealing more than $318,000 in benefits that had been intended for his mother, who died in 1971. He told the Social Security Administration that his mother died in December 2010. |
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NC judge mulls US Airways claim of pilot slowdown
Court Watch |
2011/08/23 17:36
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A federal judge in North Carolina says he'll rule soon on a lawsuit by US Airways claiming its pilots are staging an illegal work slowdown.
The Charlotte Observer reported Tuesday that the union representing US Airways pilots says the airline is trying to intimidate the pilots into flying on time no matter the risk.
The sides wrapped up their case in Charlotte on Monday.
Tempe, Ariz.-based US Airways says in the lawsuit filed late last month that its pilots are deliberately delaying flights and that its busiest hub in Charlotte has been disproportionately affected.
Capt. Michael Cleary of the Charlotte-based US Airline Pilots Association testified no slowdown is taking place.
The two sides have had a contract dispute since US Airways merged with America West in 2005. |
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Court upholds conviction in parents' knife slaying
Court Watch |
2011/08/16 16:31
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The Michigan Court of Appeals has upheld first-degree murder convictions against an Oakland County man for stabbing his parents to death.
Mark Ott of White Lake Township was convicted in the fatal stabbings last year. The bodies of 57-year-olds Barbara and Michael Ott were discovered in February 2008 at their home in White Lake Township, about 30 miles northwest of Detroit.
On Wednesday, the he appeals court affirmed the jury's decision to find Ott guilty but mentally ill. Ott is serving the mandatory sentence of life without parole.
The appeals court vacated Ott's convictions on two counts of second-degree murder based on double jeopardy principles. The ruling says double jeopardy doesn't allow multiple punishments for the same offense. |
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