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Home / Case Digests / Second Circuit – Mandatory Victims Restitution Act: United States v. Goodrich

Second Circuit – Mandatory Victims Restitution Act: United States v. Goodrich

United States Court of Appeals for the Second Circuit Mandatory Victims Restitution Act Foreseeable losses – Securities fraud United States v. Goodrich 19-208 Judges Calabresi, Pooler, and Carney Background: The defendant pleaded guilty to conspiracy to commit securities fraud. As a broker-dealer in the over-the-counter securities market, the defendant executed fraudulent trades for a co-defendant client with the effect of artificially ...