United States v. Hamburger

MEMORANDUM AND ORDER

GLASSER, District Judge.

INTRODUCTION

On March 12, 2003, after pleading guilty to conspiracy to commit securities fraud, Defendant Hamburger was sentenced to a term of probation and ordered to pay $290,000 in restitution, in $1000 monthly installments.

Hamburger now seeks, pursuant to 18 U.S.C. § 8588(e)(2), a reduction in the restitution order on the condition that he pay his remaining restitution balance within thirty days, and that on the payment of that amount, he be discharged from probation. In the alternative he seeks credit against his restitution obligation for stock…