United States v. Loutos

MEMORANDUM OPINION AND ORDER

HART, District Judge.

In 2001, an indictment was returned charging defendant Peter Loutos and five codefendants with one count of a money laundering conspiracy, eight substantive counts of wire fraud, 1 and seven substantive counts of money laundering. Loutos was named in all 16 counts. On October 30, 2002, however, Loutos pleaded guilty to one count of a superseding indictment charging him with making a false statement on an application for the purpose of influencing a federally insured bank in violation of 18 U.S.C. §§ 1014 and 2. 2 The preliminary Sentencing…