“I don’t think it would be just for Mr. Penderecki to receive a lighter sentence property valuations sydney than anyone else who might be culpable in this case,” Goldberg said. “I don’t know how it’s all going to pan out, but here’s the organizer or the ringleader getting a break.
Here’s a man that’s at the top of this scheme, as they call it, and he’s the one they go to and offer a deal and promise to reward him. He could have been charged with hundreds of counts.”
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Erpenbeck pleaded to a single charge of bank fraud, but it is a charge that carries a maximum penalty of 30 years behind bars, along with a fine of $1 million or twice what he gained in the fraudulent activity. It is unlikely he will serve that much, but neither his defense attorney nor prosecutors would say what his likely sentence would be. The sentencing will take place in three to four months, prosecutors said.
Among the factors that will be taken into account then are his level of cooperation, according to the agreement. Other factors, according to federal sentencing guidelines, are the amount of money taken and any previous criminal record. If he continues to cooperate, Steinbeck’s sentence could be further reduced, according to the agreement.
“We do anticipate he will receive jail time,” said Assistant U.S. Attorney Kathleen Brink man, who negotiated the plea bargain. “I’m not prepared to say right now what the appropriate sentence would be.
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Penderecki, who declined requests for an interview, is also required to make restitution to the victims. The long road toward paying for the federal crime he.
now admits he committed has already begun with the forfeiture of four cars, two luxury golf carts, two motorcycles, a Rolex watch and a mink coat, according to court documents.
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