United States Ninth Circuit

For the purposes of calculating loss for mail fraud under USSG 2F1.1, a court need not offset the intended loss by payments made to investors as an alleged investment return, and by the actual value of the investment after the illicit company reorganized in bankruptcy and began doing business as a legitimate enterprise.

Appellate Information

• Argued 10/12/2000
• Decided 12/06/2000
• Published 12/06/2000

Judges

• TALLMAN, Circuit Judge:, Before:  BOOCHEVER, TASHIMA, and TALLMAN, Circuit Judges.

Court

• United States Ninth Circuit

Counsel

• For Appellees:
  
• Michael D. Abzug, Los Angeles, California, for defendant-appellant David P. Munoz., William J. Kopeny, William J. Kopeny & Associates, Irvine, California, for defendant-appellant Bennie E. McGregor., Thomas H. Wolfsen and James M. Crawford, Orange, California, for defendant-appellant Donald L. Thomson., Alejandro N. Mayorkas, United States Attorney, and George S. Cardona and Paul G. Stern, Assistant United States Attorneys, Los Angeles, California, for the plaintiff-appellee.