United States v. Butler

MEMORANDUM OPINION AND ORDER

CLARKE, District Judge.

This matter comes before the Court on each defendant’s Motion for Release on Bail Pending Appeal pursuant to 18 U.S.C. § 3143(b). The defendants have filed Notices of Appeal of their convictions on numerous charges arising from their involvement in the affairs of Landbank Equity Corp., a now-defunct issuer and seller of mortgage-backed consumer loans. After an eight-week jury trial, the defendant Butler was convicted of thirty-five counts of wire fraud, nine counts of bankruptcy fraud, three counts of bank fraud and two counts involving…