MORRIS SHEPPARD ARNOLD, Circuit Judge.
Darryl Sykes pleaded guilty in early 1994 to one count of conspiracy to defraud the federal government. The essence of the charge was that, in connection with various government construction projects, he agreed with several others to issue performance bonds that were not actually backed by collateral. He stipulated that the amount of loss for sentencing purposes was $27,825.
Both Mr. Sykes and the government agreed that...
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