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Post by rp on Dec 8, 2017 12:13:02 GMT -5
One other consequence of his flight will be his security designation by the BOP. Forget minimum security. He will be lucky to get medium and could possibly get maximum. Instead of Bernie Madoff as a roomie he could have a murderer. Good choice Eric.
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Post by bowser on Dec 8, 2017 13:57:35 GMT -5
The worst part of all of this is that Eric Conn: 1. probably doesn't have the funds to repay the judgment, restitution, and fine; 2. wouldn't pay it if he had it; and 3. did not receive a sentence commensurate with the crime he committed. ... Does anyone know of a breakdown of the financial harm he caused? I doubt he received $170 million in fees, did he? Seems to me the greatest harm was to the public fisc, as a result of his 99% pay rate and (IIRC) high number of dispositions. Anyone who was deserving of benefits, will still be disabled and should experience - at most - no more than some inconvenience. But if he was paying 99% and the national average is in the low 40s, fully half of his claimants could have been undeservedly receiving benefits - money that the gov't will never be able to claw back. |
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Post by bowser on Dec 13, 2017 9:01:51 GMT -5
ALJ SENTENCED FOR ROLE IN $550 MILLION DISABILITY FRAUD SCHEME ...As a result,of the scheme, the ALJ obligated SSA to pay more than $550 million in lifetime benefits to claimants. ... The ALJ was ordered to pay $93 million in restitution, which included $69 million to SSA, $23.5 million to Medicare, and $400,000 to Kentucky Medicaid. Didn't read the LOOONG linked report. Does it explain how the $550 and $93 million figures were arrived at? As I read it, the ALJ paid clmts who would receive $550 million. IIRC, he paid near 100%. All but the stingiest ALJs pay at least 20%, so wouldn't the "fraud" actually be 80% (or less) of the $550 million obligated? And what does the $93 million (17% of $550 million) restitution represent? |
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Post by jessejames on Dec 13, 2017 14:10:56 GMT -5
ALJ SENTENCED FOR ROLE IN $550 MILLION DISABILITY FRAUD SCHEME ...As a result,of the scheme, the ALJ obligated SSA to pay more than $550 million in lifetime benefits to claimants. ... The ALJ was ordered to pay $93 million in restitution, which included $69 million to SSA, $23.5 million to Medicare, and $400,000 to Kentucky Medicaid. Didn't read the LOOONG linked report. Does it explain how the $550 and $93 million figures were arrived at? As I read it, the ALJ paid clmts who would receive $550 million. IIRC, he paid near 100%. All but the stingiest ALJs pay at least 20%, so wouldn't the "fraud" actually be 80% (or less) of the $550 million obligated? And what does the $93 million (17% of $550 million) restitution represent? |
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Post by ba on Dec 14, 2017 12:09:58 GMT -5
I don't think that's alleged. He will likely also get a nice little escape charge added and will be in a maximum security facility. No Club Fed for him now. |
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Post by jessejames on Dec 23, 2017 1:14:10 GMT -5
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Post by Pixie on Dec 23, 2017 8:43:00 GMT -5
So far they have only found some small accounts. The big money is still missing and will likely stay that way. Although he may use it as a bargaining chip.
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Post by rp on Jan 3, 2018 19:39:37 GMT -5
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Post by Pixie on Jan 3, 2018 23:30:55 GMT -5
Of course he says he is broke. The government hasn't found the big money, and Eric isn't going to help them out.
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Post by sophie22 on Jan 4, 2018 12:40:47 GMT -5
The joke's on him. All the best public defenders are now ALJs!!! |
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Eric Conn
Jan 4, 2018 15:48:40 GMT -5
via mobile
Post by coffeeman on Jan 4, 2018 15:48:40 GMT -5
If the article is correct and Conn invested 28k in Bitcoin in September of 2016, that would be worth 800k to 1MM now. At a return like that, he could pay off all his debts by 2020!
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Post by acttwo on Jan 4, 2018 15:51:30 GMT -5
If the article is correct and Conn invested 28k in Bitcoin in September of 2016, that would be worth 800k to 1MM now. At a return like that, he could pay off all his debts by 2020! Unless he lost the link to the bitcoin by tossing out his computer before going on the lam. I have heard there are supposedly hundreds of millions of dollars worth of bitcoin lost b/c the owners lost the link/code for them. If this is true, well, I like my currency in hard cash--not quite so easy to lose! |
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Post by coffeeman on Jan 4, 2018 16:12:30 GMT -5
Unless he lost the link to the bitcoin by tossing out his computer before going on the lam. I have heard there are supposedly hundreds of millions of dollars worth of bitcoin lost b/c the owners lost the link/code for them. If this is true, well, I like my currency in hard cash--not quite so easy to lose! Wouldn't it be great if he had $170 million in Bitcoin but forgot the password? My delight is a perfect example of schadenfreude. |
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Post by odarable on Jan 4, 2018 16:26:26 GMT -5
If the article is correct and Conn invested 28k in Bitcoin in September of 2016, that would be worth 800k to 1MM now. At a return like that, he could pay off all his debts by 2020! Unless he lost the link to the bitcoin by tossing out his computer before going on the lam. I have heard there are supposedly hundreds of millions of dollars worth of bitcoin lost b/c the owners lost the link/code for them. If this is true, well, I like my currency in hard cash--not quite so easy to lose! I can’t resist: because the Eric Conn thread derives from the Conn man’s fraud, and because of cryptocurrency mania, we need these Oliver Stone clips…. (Ignore the goldbug advocacy clips tacked on after the Hal Holbrook clip from Wall Street.) |
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Post by maquereau on Jan 10, 2018 9:11:50 GMT -5
"The FBI had Conn flown to the Honduran capitol."
Perhaps this is better placed in the Pet Peeves thread, but I really don't think the FBI did this. Do these newspapers not have editors anymore?
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Eric Conn
Jan 11, 2018 16:17:07 GMT -5
via mobile
Post by SPN Lifer on Jan 11, 2018 16:17:07 GMT -5
Perhaps this thread could be merged with the subsequent one on the same topic.
Or vice versa.
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Post by Pixie on Jan 11, 2018 16:42:44 GMT -5
Perhaps this thread could be merged with the subsequent one on the same topic. Or vice versa. Done. I started the other thread when I thought I had accidentally deleted the first thread. I see that I did not. Now they are all together. Pixie |
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Post by SPN Lifer on Jan 11, 2018 16:53:14 GMT -5
Thank you.
Actually there were three.
The intervening (deleted) thread mentioned sentencing "in abstentia," which sounded better than being drunk. (!)
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Post by Pixie on Jan 13, 2018 0:53:05 GMT -5
This public defender has the very unthankful job of defending a client whose defense, if any, will most certainly not succeed. But then, of course, he will be able to file his Attorney Fee Declaration for countless hours of work which, even at appointed counsel rates, should yield him a pretty hefty return at the expesnse of the law-abiding taxpayers. (It still truly amazes me the ALJ got off so, so lightly. The conspiracy charge alone should have netted him at least 20 years). Alas, politics. Maybe not so much politics but perhaps because of his age and the fact he is in poor health. I think I read that somewhere. Pixie |
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Post by jagvet on Jan 16, 2018 12:37:02 GMT -5
The joke's on him. All the best public defenders are now ALJs!!! Like me! Thanks, sophie22. |
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