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28 Jan 2010, 1:52 pm
" As, this morning, the Ninth Circuit affirms not only the convictions of Randall Treadway, Ricky Sluder and Larry Saturday for running a $40 million Ponzi scheme, but also Judge Whelan's 300-, 188-, and 63-month sentences (respectively) for the trio.For us non-guidelines people, that's 25 years for Treadwell, 15+ for Sluder, an a cool 5 for Saturday.Which reminds us that just as participating in a Ponzi scheme is all fun until it collapses, running one is similarly… [read post]