United States v. Pust, No. 13-3747 (7th Cir. 2015)
Annotate this CasePust and Anderson ran a $10 million Ponzi scheme for over two years getting clients to invest in a phony low-income housing investment program in the Chicago area. Anderson pled guilty, but Pust proceeded to trial. He was convicted by a jury of four counts of wire fraud, 18 U.S.C. 1342, and was sentenced to 34 months’ imprisonment to run concurrently on each count. The Seventh Circuit affirmed, rejecting a claim that the evidence was insufficient to establish that he acted with intent to defraud the alleged victims, and upholding court’s decision to admit statements of a co-conspirator under Federal Rule of Evidence 801(d)(2)(E). The court noted that defense counsel responded “no objection” regarding the testimony and that other evidence included testimony by several victim-investors and numerous emails between Pust and Anderson, Pust and the victim-investors, and Anderson and the victim-investors.
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