United States v. William Rand

I

William Nicholas Rand pled guilty to three counts of securities fraud in violation of 15 U.S.C. §§ 77q(a) and 77x. In addition to a 168-month prison sentence, the district court ordered Rand to pay a $ 300 special assessment and $ 99,707,758.04 in restitution. According to the written judgment, restitution would be due during Rand's imprisonment. However, at sentencing, the district court orally proclaimed that restitution payments would not commence until 60 days after Rand's release from prison at the rate of $ 50 per month, or ten percent of his gross salary, whichever was greater. Upon a…