POSNER, Chief Judge.
The defendant pleaded guilty (with a reservation of one issue, whether the statute of limitations had run) to violating the federal mail fraud statute, 18 U.S.C. § 1341, by operating a Ponzi scheme. He was sentenced to 30 months in prison and ordered to pay $674,325.84 in restitution to his victims.
Bach pretended to sell lucrative interests in oil and gas leases—in one case promising the investor a guaranteed monthly payment...
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