Opinion
3:21-cr-00353-CRB-1
03-12-2024
UNITED STATES OF AMERICA Plaintiff, v. MANISH LACHWANI, Defendant.
ORDER REGARDING SENTENCING
CHARLES R. BREYER UNITED STATES DISTRICT JUDGE
The parties are notified that the Court is contemplating imposing a fine of $1 million pursuant to U.S.S.G. § 5E1.2(c)(4) and 15 U.S.C. § 78ff. The Court's view is based on its consideration of the U.S.S.G. § 5E1.2(d) factors and the factors enumerated in 18 U.S.C. §§ 3553(a) and 3572(a). In particular, the Court believes such a fine may be warranted by (1) the need for general deterrence of similar “fake-it-'til-you-make-it” fraud schemes; (2) the defendant's substantial financial resources; and (3) the lesser burden that a fine would impose on the defendant's ability to personally care for his family, as compared with a lengthier custodial sentence.
IT IS SO ORDERED.