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U.S. v. OBERHARDT

No. 89-1503.

887 F.2d 790 (1989)

UNITED STATES of America, Plaintiff-Appellee, v. Michael J. OBERHARDT, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided October 18, 1989.

Attorney(s) appearing for the Case

L. Lee Smith, Asst. U.S. Atty., Peoria, Ill., for U.S.

John A. Hoekstra, Katz, McAndrews, Balch, Lefstein & Fieweger, Rock Island, Ill., for Michael J. Oberhardt.

Before BAUER, Chief Judge, and CUMMINGS and FLAUM, Circuit Judges.

BAUER, Chief Judge.

Stolen goods will generally fetch a price less than their retail or wholesale market value since the seller need not cover the actual costs of production and will often be interested in a quick turnover. At the same time, the fence may seek a discount in light of the risks associated with receiving "hot" goods, or because the seller cannot offer a warranty. That is not to say that these general characteristics regarding the valuation of goods in...

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