Seigniorage fraud may bring to sentence enhancement

Circuits Split on Sentencing for Financial Fraud
The National Law Journal

The 1st U.S. Circuit Court of Appeals on Monday waded into a growing circuit split over how tough judges can be on defendants accused of financial fraud. At issue is whether judges should count people who are reimbursed for financial losses from criminal schemes as victims when deciding whether to increase a defendant's sentence. Federal sentencing guidelines allow for a sentence enhancement for financial crimes like embezzlement and fraud if there are more than 250 victims. [more]