The other two defendants, husband-and-wife film producers Peter and Susan Hoffman, await sentencing.
In addition to appeals and the Hoffmans' sentencing, a hearing is set for March 9 on a government motion to have the defendants forfeit more than $1.1 million.
New Orleans attorney Michael Arata has been spared prison for his role in a fraud case involving the tax credit program credited with turning Louisiana into "Hollywood South."
A federal judge on Wednesday sentenced Michael Arata to probation and a $15,000 fine.
Arata already got all the charges except one dismissed. Hoffy got some of his dismissed also, but still big time due
Peter Hoffman faces a maximum of 405 years behind bars, according to Polite’s office, while Arata faces a maximum of 185 years and Susan Hoffman faces 45 years. All three defendants are almost certain to receive far shorter sentences than that — if they don’t qualify for probation — under federal sentencing guidelines.
Feldman, in a 124-page order, noted problems with one of the government's key witnesses at trial and inappropriate witness questioning by federal prosecutors. Even so, the judge wrote, "the jury was nevertheless left with sufficient evidence to reject the defendants' good faith theories of defense and find that the defendants had engaged in a scheme to defraud and conspired to do so."
Feldman denied all three defendants' requests for a new trial. They are scheduled for sentencing Jan. 27.
Does anyone know if Peter and Susan Hoffman ever actually were locked away? I know that they were going to appeal, but I can't find any news about the result.
Hope that they get Kate this year.
Wish everyone a good 2016.
Good news for shareolders
Investors Group has more than 100 million shares
Friday, September 4, investor group update
Investor group wants to acquire additional shares and is planning to acquire all ask at 0.0001
Target investor group is asking for a extraordinary meeting
investor group has experience in these situations, wait more updates
$100 paid, no not I, someone else paid. Was it some insider painting off the ask? I believe it was. A monumental $100 worth of confidence @ .0001. SCAM ALERT!