United States v. Frank Castaldi

In the United States Court of Appeals For the Seventh Circuit Nos. 10-3406 & 12-1361 UNITED STATES OF AMERICA, Plaintiff-Appellee, v. FRANK A. CASTALDI, Defendant-Appellant. Appeals from the United States District Court for the Northern District of Illinois, Eastern Division. No. 09 CR 059 — John W. Darrah, Judge. ARGUED MAY 23, 2012 — DECIDED FEBRUARY 24, 2014 Before MANION, ROVNER, and HAMILTON, Circuit Judges. HAMILTON, Circuit Judge. Defendant Frank A. Castaldi made an entire career out of a Ponzi scheme. When it collapsed in December 2008, net losses to the investors and the Internal…