Sarad
United States v. Sarad
Opinion
Lead Opinion
Mueller, J.
ORDER
On August 6, 2014, Matthew A. Sarad pled guilty to securities fraud. Mins, from Plea Hr’g, ECF No. 61. Part of Sarad’s plea deal included an agreement to abide by court-ordered restitution between $6,5 and $7.5 million. Plea Agreement, ECF No. 63. On November 26, 2014, the government recommended a restitution award of $7,052,200.52. Presentence Investigation Report (PSR) 22-35, ECF No. 70. On August 26, 2015, Sarad was sentenced to prison. Mins, from Sentencing, ECF No. 100. The parties agreed to waive the requirement that restitution be awarded within ninety days of Sarad’s sentencing. Stipulation, ECF No. 109. On October 26, 2015, Sarad filed a pleading arguing for no restitution and claiming the government failed to prove Sarad actually caused the victims’ losses. Def.’s Restitution Br., ECF No. 104. The matter is now before the court on the question of whether the record supports the government’s proposed restitution award. For the reasons discussed below, the court finds for the government on the issue of restitution, and accordingly ORDERS restitution in the amount of $7,052,200.52. ■ ■