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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!!
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To: tedwardst who wrote (4875)11/16/2007 11:00:18 AM
From: ravenseye   of 5673
 
Truth or consequences
Confessed mortgage scammer faces even stiffer penalties — if he fails to admit everything.
By TIM MEKEEL
Lancaster New Era
Published: Nov 15, 2007 10:56 AM EST
local.lancasteronline.com
...By agreeing to plead to that one count, he spared prosecutors a trial and spared himself more counts.

He's scheduled to plead guilty on Wednesday in Harrisburg federal court, though that date is expected to be postponed.

Beyond that admission, though, Snyder has agreed to do much more or face harsher consequences.

For starters, Snyder, 71, of Oley, must fully disclose all details of his Personal Financial Management scam, as well as any other criminal activity known to him.

"The defendant understands and agrees that complete and truthful cooperation is a material condition of this agreement...," the 19-page court filing says.

If prosecutors conclude that Snyder provided "substantial assistance," they can recommend that the court go below the range of penalties mandated by the federal sentencing guidelines law.

But if prosecutors conclude that he broke the agreement, all bets are off, and they can suggest any sentence they wish — and they can charge Snyder with more offenses related to this scam....
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