MELINDA L. HAAG (CABN 132612) United States Attorney, MIRANDA KANE, (CABN 150630) Chief, Criminal Division, JOSEPH FAZIOLI, (ILBN 6273413) Assistant United States Attorney, San Jose, California, firstname.lastname@example.org Attorneys for the United States.
STATUS REPORT, STIPULATION AND [PROPOSED] ORDER REGARDING RESTITUTION
LUCY H. KOH, District Judge.
The parties hereby submit the following status report and stipulation regarding the amount of restitution that should be paid to victims in the above-captioned case:
1. The defendant's offense conduct related to over 50 victim-investors who invested over $18 million in his golf course development project. On December 5, 2012, this Court sentenced defendant to 78 months imprisonment and left open the issue of restitution, because the parties and the Probation Office had not yet determined the amount of restitution owed to particular victims. (PACER CR 72). At the December 5, 2012 sentencing hearing, the parties discussed how the defendant may be entitled to an offset in restitution for particular victim-investors based upon payments (either in the form of interest payments, repayment of principal, or interest in secured property) he and his affiliated entities made to those investors. Those payments could be consisted an offset against restitution for which the defendant should receive credit, thus resulting an restitution award for particular victim-investors that would be lower than the amount of their original investment.
2. On December 11, 2012, this Court issued a judgment which stated that the defendant must pay restitution in an amount to be determined, that the determination of restitution was deferred until February 6, 2013, and that an amended judgment in a criminal case would be entered after such determination. (CR 73). At the joint request of the government, the defense, and the probation officer, this Court twice by stipulation continued the restitution hearing to the current hearing date of April 24, 2013. (CR 76, 77, 80, 81).
3. Since the December 2012 sentencing the parties and the probation officer have met and conferred repeatedly and extensively regarding restitution. Counsel for the government, government case agents, defense counsel, and the probation officer have reviewed information gathered over the course of the investigation (such as financial records, FBI-302 reports, and public property records) as well as victim impact statements to determine what is the appropriate amount of restitution the defendant owes to each victim-investor. As part of this process, the government case agents reviewed financial records and individual checks (previously provided in discovery) which documented payments from the defendant and his affiliate entities to each of these victim-investors. Afterwards the government created and distributed to the defense and the probation officer a detailing spreadsheet summarizing the original investment amounts and payments made to each investors. After extensive back and forth (including additional contacts with victim-investors where necessary), the government, defense, and the probation officer were able to reach agreement as to the correct restitution amount for each of the 50 victim-investors.
4. After the parties had completed their meet and confer process and came to a consensus, the government attempted to notify each of the victim-investors directly regarding what the parties and the probation officer had determined to be their correct restitution amounts (including specifying the victim-investor's original investment amount as well as any payments they received from the defendant which would reduce their restitution award) in order to allow those victim-investors an opportunity to communicate any objections. To the extent that victim-investors communicated objections or concerns regarding the proposed restitution figures, the government and probation officer have attempted to resolve those objections and to address their concerns.
5. Accordingly, the parties and the probation officer now stipulate and agree that an order of restitution is both permitted under the law and appropriate under the facts of this case. The parties and the probation officer stipulate that the total amount in restitution defendant Thomas O'Meara owes is $15, 005, 231.54. The parties and the probation officer also stipulate that the following individuals are owed the following amounts:
6. The government will file separately and submit under seal a spreadsheet that sets forth each victim's mailing address, and where availabe, telephone number and e-mail address.
7. The parties further stipulate and agree that beginning 30 days after his release from the custody of the Bureau of Prisons, defendant Thomas O'Meara will make monthly restitution payments in an amount to be set by the Probation Office, but in no event less than $500 per month.
8. The amended judgment should reflect each victim's name and the corresponding amount of restitution to be paid to that victim. The amended judgment should also direct the defendant to pay restitution to the Clerk of the Court. The Court should order the Clerk to disburse all funds ...