A former branch manager of a national financial institution was sentenced today to 65 months in prison for using his position to organize a conspiracy to help individuals obtain at least 38 fraudulent Paycheck Protection Program (PPP) loans totaling approximately $5 million, U.S. Attorney Philip R. Sellinger announced today.
5.4 years for stealing 5 million dollars. probably half of which he won’t even serve.
that ain’t justice, that’s a vacation.
Federal inmates gain time off for good behavior at a rate of 54 days per year, which is roughly 85% of their sentence. So a five year sentence means he would gain 270 days (I have no idea if the feds prorate the .4 years).
Assuming, of course, he doesn’t get pardoned by Trump for doing exactly what the PPP was designed to do.
Depends on where he’s staying.
I agree it should be longer.
But, almost any rich bitch in any non-minimum-security penitentiary is likely going to have a very, very rough go.
US district courts. Probably Club Fed.
