DD Support Board and Research Team

[samsamsamiam]

Guess since he admitted guilt and helped with the rest of case - he was golden.
And the victims live with their losses the rest of their lives. tsk tsk

http://archive.wltx.com/news/article/253333/2/After-5-Days-Arthur-Field-Released-From-Prison-


In a plea agreement with prosecutors, Field admitted to 11 counts of securities fraud, two of conspiracy and one of forgery - all of the charges against him in a state grand jury indictment.

At last week's sentencing hearing in Anderson, Maddox called the case a judge's "worst nightmare" of a defendant who admitted guilt but cooperated with prosecutors.

Field could have faced up to 23 years in prison.


...
Waters reiterated in court what he told Maddox at a previous hearing - that many CIF noteholders were elderly and financial losses left them depressed, unable to pay doctors' bills and living in poverty.

Noteholders, including one who said his family lost more than $1 million, told Maddox of financial and emotional scars that remained.

Court records show a judge approved a mediated settlement agreement in which Field's company acknowledged a judgment of nearly $38.5 million to 688 noteholders and he agreed to resign as the firm's manager.

CIF sold promissory notes to investors, according to court records. CIF then would re-lend money to other businesses, according to prosecutors and court records.

Pfeiffer pleaded guilty to two counts of securities fraud and one count of conspiracy and is serving a 10-year prison sentence, which will be suspended once he has served six years, court records show.