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Wednesday, October 14, 2020 6:30:02 PM
I'm not sure that Dr Schena won't get any time here. Even with a deal, it seems like the penalties are pretty harsh. NOTE: I'm not saying this is the way it's going to go. He might get probation. I'm just saying that if there is a SEC conviction, here's a few averages to review.
https://www.ussc.gov/sites/default/files/pdf/research-and-publications/quick-facts/Securities_Fraud_FY15.pdf
A few highlights from the doc that could be relevant here:
The majority of securities and investment fraud offenders had little or no prior criminal history (83.9% of these offenders were assigned to Criminal History Category I)
Sentences for securities and investment fraud offenders were also increased for: Violation of securities or commodities law by an officer or director of a publicly traded company, broker, dealer, or investment adviser (28.0%).?Leadership or supervisory role in the offense (19.7%).
The average sentence length for securities and investment fraud offenders was 57 months
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