U.S. Court of Appeals for the 9th Circuit
Oct. 24, 2009
Ponzi Schemer Gets a Lucky Break
A federal appeals panel reversed two of an Orange County man's money laundering convictions, a move likely to shorten his 18-year sentence.
Daily Journal Staff Writer
An imprisoned Orange County Ponzi schemer caught a break Thursday when a 9th U.S. Circuit Court of Appeals panel reversed two of his money laundering convictions, a move likely to shorten his 18-year sentence.
The unanimous panel concluded that a recent U.S. Supreme Court decision revised the definition of money laundering as it applied to Lance Van Alstyne's crime. U.S. v. Van A...
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