United States Eighth Circuit

A sentence for wire fraud arising from a Ponzi scheme is affirmed where the district court did not err in calculating the victims' losses in a fraud scheme, and it properly declined to offset victims- gains on one investment against their losses on subsequent investments.

Appellate Information

• Decided 03/09/2007
• Published 03/09/2007

Judges

• WOLLMAN, Circuit Judge., Before WOLLMAN, RILEY, and SHEPHERD, Circuit Judges.

Court

• United States Eighth Circuit

Counsel

• For Appellant:
  
• Timothy Deere Webb, Rider & Bennett, Minneapolis, MN, for appellant., Daniel P. Alfonso, Terre Haute, IN, pro se.


• For Appellees:
  
• David M. Genrich, Asst. U.S. Atty., Minneapolis, MN, for appellee.