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Court Grants Downward Variance in Federal White-Collar Case

Stradley Ronon attorneys Mike Engle and Ashley Shapiro appeared in the U.S. District Court of New Jersey before Judge Renee Bumb for the sentencing of their client, the former CEO of a linen company. Their client was accused of embezzling more than $1 million from the company over the course of several years. Engle and Shapiro were able to negotiate the alleged losses down to $245,000, placing the client in a much better position in a case that could not be defended on the merits if he were to be indicted for wire fraud.

Despite the Stradley team’s successful effort to reduce the loss calculation, the client still faced advisory federal sentencing guidelines that called for a period of incarceration of 15 to 21 months. Shapiro took primary responsibility for the presentencing process and drafted a convincing sentencing memorandum. The court granted a downward variance in the case, sentencing the client to only six months. This was a drastic reduction and a significant win for their client in a federal white-collar case.

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