Legal Opinion
United States v. Richard S. Holiusa
Court of Appeals for the Seventh Circuit
Decided January 5, 1994No. 92-3989PublishedCited by 85 opinions
1Opinion of the Court
ILANA DIAMOND ROVNER, Circuit Judge.
This appeal raises the question of how “loss” should be calculated under Sentencing Guidelines section 2F1.1 in cases involving a “Ponzi” or pyramid scheme, when defendants have partially repaid fraudulently-obtained funds before detection of the scheme.
I
Between January 1982 and April 1988, Richard Holiusa and his co-conspirators solicited investments in various companies, representing that they would reinvest the money in silver futures and high-yield government securities. They promised investors that their principal would not be at risk and that they…
2Cases cited15 opinions
- United States v. Larry KoppCourt of Appeals for the Third Circuit · 1992
- United States v. Marlene Cox Schneider and Paul S. SchneiderCourt of Appeals for the Seventh Circuit · 1991
- United States v. Alfred James SmithCourt of Appeals for the Tenth Circuit · 1991
- United States v. Robert J. Prendergast, Jr.Court of Appeals for the Eighth Circuit · 1992
- United States v. Donald D. Dial and Horace G. SalmonCourt of Appeals for the Seventh Circuit · 1985
10 more not listed; retrieve them via the Exa API.
3Cited by85 opinions
- United States v. Edward L. Morris and Steven M. GardnerCourt of Appeals for the Seventh Circuit · 1996
- United States v. David Phillip Munoz Bennie E. McGregor Donald L. ThomsonCourt of Appeals for the Ninth Circuit · 2000
- United States v. Salvador A. VivitCourt of Appeals for the Seventh Circuit · 2000
- United States v. Van AlstyneCourt of Appeals for the Ninth Circuit · 2009
- United States v. Salomon S. LoayzaCourt of Appeals for the Fourth Circuit · 1997
80 more not listed; retrieve them via the Exa API.