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Intended-Loss Calculation

Jul 15, 2019

Criminal Law: Passing Counterfeit Securities-Restitution-Intended-Loss Calculation

Defendant pleaded guilty to passing counterfeit securities. The district court sentenced defendant to 120 months of incarceration and ordered him to pay $55,000 in restitution. On appeal, defendant argued that the intended-loss calculation was too high and that the restitution amount should have been lower. Where the record demonstrated that defendant attempted to secure a […]

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