Ponzi Scheme Conviction Sent Back To District Court Over Restitution Order

(February 4, 2020, 9:07 AM EST) -- NEW ORLEANS — A federal district court erred in issuing a restitution order in a criminal proceeding stemming from the operation of a Ponzi scheme because no indication exists in the record showing that the court considered whether to award restitution in the action “as a condition of supervised release,” a Fifth Circuit U.S. Court of Appeals panel ruled Jan. 15 (United States v. John Patrick Acord, No. 16-20820, 5th Cir., 2020 U.S. App. LEXIS 1343)....