U.S. v. FRYKHOLM

No. 03-1990.

362 F.3d 413 (2004)

UNITED STATES of America, Plaintiff-Appellant, v. Linda K. FRYKHOLM, Defendant. Intervening Third-Party Claimant: Cotswold Trading Company, Ltd., Appellee.

United States Court of Appeals, Seventh Circuit.

Decided March 25, 2004.


Attorney(s) appearing for the Case

Robert P. Boyer, Jr. (argued), Asset Forfeiture & Money Laundering Sec., Washington, DC, for Plaintiff-Appellant.

James P. Devine, Williams & McCarthy, Jason H. Rock, Barrick, Switzer, Long, Balsley & Van Evera, Rockford, IL, Steven L. Kessler (argued), New York, NY, Robert A. Chapman, Chicago, IL, for Claimant-Appellee.

Before EASTERBROOK, MANION, and EVANS, Circuit Judges.


EASTERBROOK, Circuit Judge.

Linda Frykholm must have the tongue of an angel, though she has the morals of a fiend. She persuaded people to invest $15 million in a get-rich-quick scheme, even though the promises she made were transparently too good to be true (100% return in a month) and she had no means to back her promises. Her only relevant credential was a 1994 conviction for theft and forgery, which she did not tout; her "business address" was a mail drop; routine...

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