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I bet it gets reduced upon appeal but still.... he's finally humbled, I guess.
That's pretty uncommon for a sentence to get reduced on direct appeal unless the sentencing judge did something very unusual. Nothing to indicate that she did-its maybe a little over the recommended sentence for securities fraud/theft of that magnitude. If there is a challenge it'll probably be on the basis that he attempted to return funds before he got caught. But he was already being investigated at that point so it won't help much if at all.
Shrelki has been in a maximum security prison ever since the judge revoked his bond last year. Dunno if he's returning there, but he's had a taste at least.
I'm pretty sure it's beyond sentencing guidelines. We'll see
7 years is within guidelines for an offense level of 27-28 without a criminal history.
The estimated loss of 10.5 million gets you to an offense level 26 or 27 on it's own under 2b1.1. (He doesnt get credit for making them whole because he didnt until people started asking questions.) At that point you're at most a month over the guidelines, so there's not much there. And because it's securities fraud there are a couple arguably applicable enhancements.
What's your basis for thinking it's over the guidelines (and the court abused it's discretion by going over the guidelines)?
There was no loss to investors in the end, he paid them all back, they were made whole. So we shall see.
Shrelki lost his appeal. 7 years stands - he didn't even bother challenging the length of his sentence. How tastes my big knowledgable pp?
Bonus:
Bet we see him in 3 years or less, dude is still going to have plenty of money when he gets out and he'll be fine on the inside.
Pfft like hes really gonna do 7 years ! Its trumps america now son welcome to serfdom