15 years prison for ponzi scam leader Midkiff

This is a discussion on 15 years prison for ponzi scam leader Midkiff within the Other Criminal Law Matters forum, part of the CRIMINAL LAW, ARRESTS, TRAFFIC TICKETS category; Thank the lord Midkiff will rot in prison. And than you to everybody that helped convict him! ______ Pastor's sentence: ...

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Old Oct 16th, 2008, 11:28 PM   #1
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Default 15 years prison for ponzi scam leader Midkiff

Thank the lord Midkiff will rot in prison. And than you to everybody that helped convict him!
______


Pastor's sentence: 15 years for scam



U.S. District Judge Michael Davis sentenced a Forest Lake minister to 15 years in prison for his role in a multimillion-dollar pyramid scheme Thursday, but he wasn't happy about it.

Davis, Minnesota's chief federal judge, upbraided the U.S. Justice Department for its handling of a case in which Neulan Midkiff, the minister, will serve more time than the fraud's ringleader.

Terrence Correll, architect of the Ponzi scheme that bilked 519 people of up to $390 million, received a 12-year term.

Under the sentencing guidelines, Davis said, "the more you steal, the better off you are."

Midkiff, 66, wept as he apologized for his part in the scheme, although he said that he did not realize at the time he was committing fraud.

Davis expressed doubt. "You can't hide behind being an unsophisticated person," he said. Midkiff was blamed for at least $18 million lost in the scam.
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Old Jun 12th, 2009, 12:58 AM   #2
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Default Re: 15 years prison for ponzi scam leader Midkiff

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Thank the lord Midkiff will rot in prison. And than you to everybody that helped convict him!
______


Pastor's sentence: 15 years for scam



U.S. District Judge Michael Davis sentenced a Forest Lake minister to 15 years in prison for his role in a multimillion-dollar pyramid scheme Thursday, but he wasn't happy about it.

Davis, Minnesota's chief federal judge, upbraided the U.S. Justice Department for its handling of a case in which Neulan Midkiff, the minister, will serve more time than the fraud's ringleader.

Terrence Correll, architect of the Ponzi scheme that bilked 519 people of up to $390 million, received a 12-year term.

Under the sentencing guidelines, Davis said, "the more you steal, the better off you are."

Midkiff, 66, wept as he apologized for his part in the scheme, although he said that he did not realize at the time he was committing fraud.

Davis expressed doubt. "You can't hide behind being an unsophisticated person," he said. Midkiff was blamed for at least $18 million lost in the scam.
anyone who steals is a low life and deserves death not prison..i dont want to waste anymore tax dollars on the son a *****
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Old Jun 12th, 2009, 10:40 AM   #3
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Default Re: 15 years prison for ponzi scam leader Midkiff

I can't agree more frankly! This whole matter was disgusting!
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Old Jun 13th, 2009, 09:16 PM   #4
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Default Re: 15 years prison for ponzi scam leader Midkiff

The way they preyed on elderly people was even worse than your "normal" scam operator.
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