United States v. John G. Bennett, Jr.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that offense affected a financial institution where securities firm used as instrumentality of the fraud was subsequently sued by bankruptcy trustee for $150 million and the firm settled the claim for $18 million
• noting that where there has been reliance on the integrity of person occupying the position, the person likely occupies a position of trust
• explaining that “it is irrelevant how [the defendant] spent the money after he obtained it”
• applying that enhancement to a Ponzi scheme with just one other participant
• distinguishing Frazier on grounds that it did not involve active solicitation that exploited charitable impulses
• applying four-level enhancement under § 2F1.1(b)(7)(B) when fraud \affected the financial institution\ by exposing it to liability

Source: CourtListener parenthetical corpus (CC0).