March 2, 2018
By Bob Coleman
Editor, Fraud Friday
Fraud Friday — Mark Feathers Sentencing Next Week — Will Get Less than 3 Years for $5 Million Fraud
The culmination of the sad strange journey of Mark Feathers will end next week on March 7 with a federal penitentiary sentence that will move him from an urban county jail to a minimum security fed pen in the hinterlands.
Mark settled 29 fraud counts by agreeing to a guilty plea of one count of mail fraud last year.
His attorney says he should serve 21 months.
The feds disagree, saying his transgressions should earn him 33 months in jail.
The government believes that a sentence of 33 months’ imprisonment, three years of supervised release, restitution, and a $100 special assessment fee reflects the seriousness of the defendant’s criminal conduct and provides a significant deterrent to any future attempts to violate the law. The government’s recommended sentence is sufficient, but not greater than necessary, to achieve the statutory purposes of sentencing, including deterrence and protection of the public from further frauds committed by this defendant. The government agrees with Officer Casai’s recommended supervised release conditions, which impose reasonable restrictions on the defendant’s activities to encourage rehabilitation and respect for the law while deterring future criminal conduct and non-compliance with supervised.
No one wins.
Mark loses his career and his company. His wife is divorcing him. His investors lose over $5 million. His employees lost their jobs.
Read our previous reporting here.
December 22, 2017
Fraud Friday — Mark Feathers Guilty of Fraud
November 14, 2014
Small Business Capital’s Mark Feathers Indicted on 29 Counts of Fraud
January 29, 2013
SB Capital Update – Mark Feathers Fights SEC for Control
July 16, 2012
SEC Closes SBA Lender In Ponzi Scheme Charges