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U.S. v. DYER

No. 99-3707.

216 F.3d 568 (2000)

UNITED STATES of America, Plaintiff-Appellee, v. Todd DYER, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided June 8, 2000

Attorney(s) appearing for the Case

Joseph R. Wall (argued), Thomas P. Schneider, Office of the U.S. Attorney, Milwaukee, WI, for plaintiff-appellee.

Jeffrey B. Steinback, Northbrook, IL, R. Fletcher Koch (argued), Law Office of Jeffrey Steinback, Chicago, IL, for defendant-appellant.

Before POSNER, Chief Judge, and EASTERBROOK and EVANS, Circuit Judges.

POSNER, Chief Judge.

The defendant was convicted of mail fraud and related federal crimes arising from his operation of a Ponzi scheme between 1991 and 1996, and was sentenced to 70 months in prison. The scheme involved the sale of securities in Dyer's sham or nonexistent corporations and imposed losses on its mostly elderly victims of more than $2 million. The appeal challenges the district judge's refusal to give Dyer a downward departure on the basis of section...

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