5th Circ. Nixes 50-Year Ponzi Sentence Due To Misinformation

By Elizabeth Daley ( February 6, 2026, 3:30 PM EST) -- A former Texas lawyer who lost millions of dollars belonging to his clients as part of a sweeping Ponzi scheme has had his 50-year prison sentence vacated, after the Fifth Circuit agreed he was misled by the lower court regarding the maximum time he could face....

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