Tuesday, October 27, 2015

Michael Szafranski sentenced to 2 1/2 years

Judge Dimitrouleas issued the sentence in this Rothstein-related case. From the Sun-Sentinel:
Michael Szafranski told a crowded courtroom Monday that he betrayed his family and friends, lied, sinned and violated both U.S. law and the strict religious rules he was raised to follow.
"I come before you ashamed, embarrassed and humiliated by my actions," Szafranski told U.S. District Judge William Dimitrouleas before being sentenced for helping Ponzi schemer Scott Rothstein rip off millions of dollars from investors, including members of his synagogue. "To say I am remorseful is an understatement."
Szafranski, 37, of Surfside, was sentenced to 2.5 years in federal prison after the judge agreed to follow a recommendation from the prosecution and defense. He pleaded guilty to one count of wire fraud conspiracy in July.
He sobbed as he hugged his wife goodbye and was taken into custody in the Fort Lauderdale courtroom.
Szafranski said greed drove him to become a "despicable person" and that he has done everything he can think of to try to atone for what he did.
Szafranski "made full restitution" to victims five years ago when he paid more than $6.5 million to the Rothstein Rosenfeldt Adler law firm bankruptcy trustee, his attorney wrote in court records. That amount represented more than 90 percent of his family's assets, the defense said.

6 comments:

Rumpole said...

So many decent people get involved in these hairbrained schemes and then when they are caught and have to look back at their actions even they can't believe they were so dumb to do what they did. And their kids and families suffer the most. What a tragic shame.

Anonymous said...

2.5 years for stealing $6.5 M? It's a good thing for him that he didn't sell a $10 rock of crack.

Anonymous said...

Breaking news... white people get more justice. Steal $1000 with a credit card and get a 2 year mandatory minimum if you're a person of color. Pathetic.

Rumpole said...

The criticism of sentencing disparities and the min man sentences that usually snare low level and minority defendants is well put.

Unknown said...

A well known liar and libeler in the community of SURFSIDE Fl. How implicit is Young Isrsel of BAL Harbour for whom he served as Gabbai. Another story awaits being told.

Anonymous said...

A good plea deal copped by his lawyers.