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UPCOMING COURT HEARINGS & BASIC INFO Presiding Judge in Mark F. Cohn criminal case: Disclaimer: The "Four Star Financial Services, LLC" entity referred to throughout this site is in no way associated with "Four Star Financial, Inc." - the Indiana mortgage broker.
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« Mark Cohn Sentencing Now Confirmed For September 29th | Main | Ronald I. Anson Sentencing Scheduled for December 8th » September 30, 2008 Mark Cohn Sentenced to Probation & Home DetentionFour Star executive Mark F. Cohn has been sentenced to five years probation and two years home detention for his role in defrauding investors in the multi-million dollar Four Star Ponzi scheme. According to one news report, before being sentenced on Monday, Cohn told Los Angeles U.S. District Judge Philip Gutierrez: "I wish I could erase all the bad things I did. No amount of apologies can correct or take away the pain I caused others. I will work hard to pay back the victims I have harmed." Cohn, who now resides in Arizona, was charged with conspiracy and wire fraud last October. He pleaded guilty to the charges and faced a maximum of 10 years in federal prison. Several victims spoke at Monday's sentencing hearing, describing how Cohn had ruined their financial lives, and urged the Court to impose a ten year maximum sentence. Instead, Judge Gutierrez gave Cohn five years probation, two years home detention and ordered him to perform 2,500 hours of community service. He was also ordered to attend mental health and substance abuse counseling, and pay $23 million in restitution to victims. However, prosecutors have acknowledged in court filings that in light of existing judgments against Cohn totaling at least $100 million, the Four Star executive is unlikely to "substantially" pay the restitution. |
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