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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: Maple MAGA who wrote (162956)	9/25/2020 9:42:00 PM
From: TobagoJack	Read Replies (1) of 218085

Martin Armstrong wsj.com The Curious Contempt Case of Martin Armstrong By peter Feb. 16, 2007 9:31 am ET Martin Armstrong is the white-collar defendant whom time forgot, writes Gretchen Morgensen in front-page story in today's New York Times. The fallen financier has spent seven years in at the Metropolitan Correctional Center in Lower Manhattan. Armstrong pleaded guilty to a securities fraud criminal charge last summer (click here for an earlier Law Blog post). "I think the government just wore Marty out," said one of his lawyers, Thomas Sjoblom of Proskauer Rose, to the NYT. His civil contempt imprisonment now roughly matches the estimated sentence he will receive for the crime to which he pleaded guilty. It's unclear whether he’ll get credit for the six years he’s already served; he's awaiting sentencing. In 1999, Armstrong was indicted on charges related to trading losses incurred by his firm, Princeton Economics International. The SEC and CFTC also filed a civil suit against him and asked the court to order him to turn over his assets. In January 2000, federal judge John Keenan imprisoned Armstrong for failing to surrender $14.9 million in gold bars and rare coins to the government, assets that Armstrong says he did not have. Sjoblom has said that Armstrong should have been released from jail after 18 months as required by the civil contempt statute. Sjoblom argued this point before the Second Circuit last January. The appeals court rejected the appeal to free Armstrong, but reassigned the case from Judge Richard Owen to Judge Kevin Castel, who is scheduled to hold a hearing on the contempt matter for March 15.

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