United States v. Fredericks

OPINION

BROTMAN, District Judge.

Presently before the court is Government’s motion for reduction of the sentence of defendant James J. Fredericks pursuant to Rule 35(b) for his “substantial assistance to law enforcement authorities subsequent to his sentencing.” For the reasons set forth below this motion is denied.

I. BACKGROUND

Beginning in about 1981 James J. Freder-icks developed a scheme to solicit money from investors who believed they were investing money in Montgomery National Bank repurchase, or repo agreements. Repo agreements represent money loaned to the bank from its customers; they…