United States v. Smith

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In 2008 Smith, Norman, White, and Merin were sentenced for conspiracy to commit bank fraud and aggravated identity theft, 18 U.S.C. 371. Each was also convicted of one or more substantive counts of bank fraud, 18 U.S.C. 1344, and multiple counts of aggravated identity theft, 18 U.S.C. 1028A, based on their participation in a conspiracy to defraud banks. On direct appeal, the Third Circuit affirmed the convictions, but vacated the sentences and remanded for consideration in light of a holding that account holders who suffer only temporary losses are not victims for purposes of the victim enhancement under U.S.S.G. 2B1.1(b)(2) and recalculation of a criminal history level. On resentencing, the court reduced the term of imprisonment as to each one, imposed the same special assessment, maintained or lowered the term of supervised release, and confirmed the existing orders of restitution against White, Norman, and Merin, but increased Smith’s order of restitution by $9,000, from $68,452 to $77,452. The Third Circuit upheld the lower court’s decision to allow additional evidence regarding the number of victims, finding that the defendants were not prejudiced, but vacated the order of restitution. View "United States v. Smith" on Justia Law