>> EASTERN USA TIMESHARE NEWS:
CAMDEN: Sentencing has finally begun for those former VO Group employees who pled guilty to various charges in order to (hopefully) receive reduced sentences. Most, if not all, of them agreed to tell the Feds everything they knew and several of them were called to testify against company owners Adam and Ashley Lacerda and/or Ian Resnick and Genevieve Manzoni at their trial in September last year.
Eric Reilly, who pled guilty in January 2013 to one count of conspiracy to commit mail and wire fraud, was sentenced last week to three years in prison plus three years of supervised release. He was also ordered to pay $3,040,767.54 in restitution. (Sentencing was originally scheduled for May 17, 2013, so it’s been a long, stressful wait for the 34-year-old Mr. Reilly.)
The mail and wire fraud conspiracy charge to which Reilly pled guilty is punishable by a maximum potential penalty of 20 years in prison, so the 3-year sentence may not seem too bad to him relatively speaking.
Perhaps more importantly, the length of this sentence could indicate that when the 4 who actually went to trial and were convicted on multiple counts are finally sentenced, the judge will not be lenient. Keep in mind that Adam Lacerda was convicted on Sept. 5, 2013 on 13 counts of mail and wire fraud and conspiracy to commit mail and wire fraud. His wife Ashley was convicted on 6 counts of conspiracy and mail and wire fraud. Even if they were sentenced to a mere 3 years for each count, that would amount to a significant stretch of years if served consecutively. Others have suggested a possible sentence of 20 years for each offense but served concurrently. IMO there are too many possible options to make predictions, and probably none of those options are looking very good to them or their families.
Right now the issue being litigated is the question of forfeiture of assets, which I understand plays to the length of the sentence among other things. The more the government can claim the bad guys stole, the more time they can potentially get in the slammer. The government is asking for the forfeiture of nearly $12 million (originally they claimed a mere $3 million). The hearing on those motions is now scheduled for August 30, 2014.
Convicted on the same day was Ian Resnick, a close associate and loyal friend of the Lacerdas, who was found guilty on 7 counts of conspiracy and mail and wire fraud. Resnick previously did time for bank robbery.
The fourth guilty verdict was for Genevieve Manzoni, who was convicted on 2 counts of conspiracy and mail fraud and found not guilty on one count of wire fraud.
Resnick and Manzoni have both requested a new trial. Their motions are currently scheduled to be heard on July 28, 2014.
Of the four, only Manzoni has remained out on bail; bond for the other three was revoked prior to their convictions due to the judge’s assessment that they were flight risks and amid allegations of witness tampering.
So it’s one sentence down in the VO Group timeshare fraud case and many more to go. Watch this space for updates.
“If you haven’t got anything nice to say about anybody, come sit next to me.” -Alice Roosevelt Longworth
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