Convicted securities schemer Roy Ageloff’s appeal of his $80 million restitution sentence backfired last week, when a federal judge in Brooklyn, following a remand order from the U.S. Court of Appeals for the Second Circuit, raised the amount to more than $190 million.

Eastern District Judge Raymond J. Dearie handed down a sharply worded opinion Friday in United States v. Catoggio, 98-cr-01129, dismissing a slew of objections by Mr. Ageloff as “at best a disingenuous effort to avoid a consequence of his criminal behavior.”

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]