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Thread: Former OHL club owner ready to take his ‘lumps’ for Ponzi scheme
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[quote=MARRIE,463255]Wise will be represented by a public defender appointed to him by the U.S. government. He will not seek bail. And he’ll go into custody wearing the same dark business suit he wore during the interview, where he once had a closet full of custom-made suits. “I don’t have billions squirreled away,” he says. “I don’t have thousands squirreled away. I don’t even have hundreds of dollars squirreled away.” He refused to discuss the whereabouts of his wife and son, but they are believed to be in the GTA. The federal sentencing guidelines for this size and type of fraud recommend up to 27 years in prison. “But these guidelines are not mandatory and the judge may also consider Wise’s level of cooperation in his own and other prosecutions when considering his own final sentence,” Brown says. During the interview, Wise adopted a stoic stance about the potential of spending the rest of his life behind bars. “I guess I’m prepared to deal with that, and we’ll deal with that as it unfolds.” [/quote]
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