SEC Charges Eleven in Stock Manipulation Ring

[jarta]

Personal money judgments are possible for the entire proceeds in most federal criminal cases.

http://www.nyfederalcriminalpractice.com/2007/11/sdny-judge-rules-that-a-crimin.html

However, it is unclear that in this case Matt agreed to a personal money judgment of $4M - the entire proceeds gained by the crime. The motion for reconsideration states he didn't.

It seems inconceivable that under a plea agreement where the defendant receives a reduced sentence (for obvious cooperation) that a personal money judgment for anything other than the money he personally controlled would be entered.

It seems like the forfeitures of Matt's accounts would already satisfy most of that type of judgment. But, we'll just have to wait and see.

There will be a hearing about this issue raised by the motion for reconsideration. It may be avoided by a further agreement and clarification between Matt's attorney and the government attorneys. An appeal can be taken after any hearing and the entry of the final forfeiture order (the current one is only a preliminary forfeiture order). ... eom