Thrilling news for Wesley A. Snyder victims: People with no money told to pay $1.4 million restitution
Saturday, December 10, 2011 at 08:22AM
Wesley A. SnyderJust in time for Christmas, Judge Albee Stallone delivers some glad news:
A Berks County judge on Friday ordered six former employees of jailed mortgage broker Wesley A. Snyder to pay $1.4 million in restitution for the Ponzi scheme that Snyder ran out of his Exeter Township business.
Senior Judge Albert A. Stallone refused to impose civil fines or investigation costs against the six, as sought by the attorney general's office.
He also limited his ban on their employment in the mortgage field to August 2013, so they could find jobs to make the restitution.
This is big, I mean huge! How shall I spend my share? Uh, what...
But Stallone had said at the nonjury trial, which began in 2008 and ended in September after 109 witnesses, the defendants had little money.
Another employee, Alicia M. Wade, settled with the state in 2008, agreeing to pay $40,000. However, only $10,000 of that went to restitution.
Where is the rest of that 40 grand? Actually, maybe it's better if we don't know.
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