Following arrest on a Federal warrant, this is what happens to you.
He was arrested,on a Federal Warrant issued by a Federal Judge then he appeared befor a Federal Judge and told what he was charged with
He then had to list all his assests,bank accounts, real estate etc.
His passport will have to be surrendered.
Bail was set and he was released awaiting Federal Trial in
Six to nine months at least- Lawyers stall to build case.
If he skips assets put up for bail (probably the house)
will be attached by the court.
Next his lawyer examines the facts and tells him
they got him cold !
Now, To go to trial in FEDERAL COURT means -
You better be REALLY INNOCENT
because if found guilty you will get the MAXIMIUM SENTENCE
so
95 % choose to plead guilty and
Avoid the trial
and
Get a somewhat LIGHTER Sentence
Next
RESTITUTION:
Give back ALL the CASH you ROBBED
and your sentence will again be reduced CONSIDERABLY.
ALL assets obtained as a result of the crime are seized
and forfeited to pay Court Costs, fine, and for Restitution
to the victims (that is us)
They can figure out how much more cash is still missing.
He MAY come forward with more cash in a swiss Bank Account or buried in the back yard if he thinks it will cut that sentence
He may have been smirking in the Mugshot
but after pleading guilty and ready to face sentencing:
The RESTITUTION THING LOOKS REAL GOOD
READ THIS
My last crooked CEO:
I was in MRXT a few years ago, they arrested the CEO,
then another CEO was appointed and rousing PR's were issued.
then
In a short while, the 2nd CEO was arrested.
This month -
I received a notice from the Department of Justice
the first CEO Stephen Wise has been sentenced
and
$2,000,000+ in restitution will be divided shortly
between the shareholders.
Reason -Offering restitution can mean a reduced sentence.
Sounds like it might be a good move for Plant when the time comes - Cash becomes secondary when facing jail.
Here is the Justice Dept. e-mail
RE: United States v. Defendant(s) STEVEN WISE
Case Number 2004R01264 and Court Docket Number CR-04-0069
Dear Mr ____________:
The United States Department of Justice believes it is important to keep victims of federal crime informed of court proceedings. This notice provides information about the above-referenced criminal case.
On January 31, 2007, defendant STEVEN WISE pled guilty to the charges listed below. Any remaining counts will be disposed of at the time of sentencing. As a result of the guilty plea, there will be no trial involving this defendant.
Number of Charges Description of Charges Disposition
----------------- ---------------------- -----------
1 Securities Fraud Guilty
1 Conspiracy/Attempted Fraud Guilty
Defendant STEVEN WISE was sentenced by the Court on January 31, 2007. Court ordered the defendant to the following:
Incarceration of 51 month(s)
Followed by Supervised Release of 5 year(s)
Special Assessment of $300.00.
Fine of $100,000.00.
Additionally, the Court ordered restitution in the amount of $2,114,476.43 to the victims in the records of the Clerk of the Court, as their interests there appear.
T.MAC N.Y.C
(tmcc)
"There is no substitute for VICTORY!"
- General Douglas MacArthur
