• Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
Securities Docket
FTI 480x60
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / 2008 / December / 11 / Second Circuit Affirms Sentence Vastly Lower Than Guidelines for Former Impath COO

Second Circuit Affirms Sentence Vastly Lower Than Guidelines for Former Impath COO

By Securities Docket on December 11, 2008, 6:30 am

On Tuesday, the Second Circuit affirmed the 42-month prison sentence of former Impath Inc. COO Richard Adelson, despite an 85-year sentence recommended by the federal sentencing guidelines. Federal prosecutors had appealed to the Second Circuit seeking more time for Adelson.

In Adelson’s case, a sentencing calculation based on stock-price loss produced a potential 85-year term for securities fraud. U.S. District Judge Jed S. Rakoff called that a virtual life sentence and “patently unreasonable,” of the sort reserved for Mafia dons and drug kingpins, according to the National Law Journal.

The Second Circuit rejected the government’s argument that Judge Rakoff “discarded the guidelines in favor of the district court’s personal view of the seriousness of the offense.” It held that the lower court “carefully considered” and relied on sentencing factors in fashioning the term for Adelson.

Read the NLJ article

Blog Widget by LinkWithin

Posted in Criminal | Tagged Appellate, Sentencing

« Previous Next »

Subscribe

‘Enforcement 40’ for 2020

Ankura 260x250

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2022 Securities Docket.

Powered by WordPress and Hybrid.