MORE: The Charges Expected To Be Filed Against Frank DiPascali, Jr.

Submitted by Steven Meyerowitz on Tue, 08/11/2009 - 3:02pm

These are the charged expected to be filed by the federal government against Frank DiPascali this afternoon:

ONE Conspiracy
5 yrs. imprisonment; 3 yrs. sup. release; fine of the
greatest of $250,000 or twice the gross gain or loss;
mandatory $100 special assessment; restitution.
TWO Securities Fraud
20 yrs. imprisonment; 3 yrs. sup. release; fine of the
greatest of $5,000,000 or twice the gross gain or
loss; mandatory $100 special assessment; restitution.
THREE Investment Adviser Fraud
5 yrs. imprisonment; 3 yrs. sup. release; fine of the
greatest of $10,000 or twice the gross gain or loss;
mandatory $100 special assessment; restitution.
FOUR Falsifying Books and Records of
a Broker Dealer
20 yrs. imprisonment; 3 yrs. sup. release; fine of the
greatest of $5,000,000 or twice the gross gain or
loss; mandatory $100 special assessment; restitution.
FIVE Falsifying Books and Records of
an Investment Adviser
5 yrs. imprisonment; 3 yrs. sup. release; fine of the
greatest of $10,000 or twice the gross gain or loss;
mandatory $100 special assessment; restitution.
SIX Mail Fraud
20 yrs. imprisonment; 3 yrs. sup. release; fine of the
greatest of $250,000 or twice the gross gain or loss;
mandatory $100 special assessment; restitution.
SEVEN Wire Fraud
20 yrs. imprisonment; 3 yrs. sup. release; fine of the
greatest of $250,000 or twice the gross gain or loss;
mandatory $100 special assessment; restitution.
EIGHT International Money Laundering
To Promote Specified Unlawful
Activity
20 yrs. imprisonment; 3 yrs. sup. release; fine of the
greatest of $500,000, or twice the value of the
monetary instruments or funds involved, or twice the
gross gain or loss; mandatory $100 special
assessment; restitution.
NINE Perjury
5 yrs. imprisonment; 3 yrs. sup. release; fine of the
greatest of $250,000, or twice the gross gain or loss;
mandatory $100 special assessment; restitution.
TEN Federal Income Tax Evasion
5 yrs. imprisonment; 3 yrs. sup. release; fine of the
greatest of $250,000 or twice the gross gain or loss;
costs of prosecution; $100 special assessment.
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