US v. Innarelli, No. 06-2400. After pleading guilty to a “land-flipping” scheme (which seems to be more like a mortgage scheme) that was perpetrated by, amongst other people, a lawyer. But, the First clarifies some areas of the guidelines that I thought were clear.
Where one starts with a base level of six under U.S.S.G. § 2B1.1 (a)(2), one goes to the table in that guideline. 2B1.1 cmt. n.3(A) says that for purposes of the guidelines, this should be the greater of “intended loss” (or “the objectively reasonable expectation of a person in his position at the time he perpetrated the fraud, not on his subjective intentions or hopes”) and “actual loss.” But this is not how to calculate restitution amounts under the Mandatory Victims Restitution Act ("MVRA") 18 U.S.C. § 3663A(a), (c). The purpose of restitution, the First notes, is not to punish, but to make victims whole. Their emotional hurt and stuff like that doesn’t factor into it. So, it gets remanded for that recalculation.
On top of that, the sentence was reasonable.