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 the government’s sentencing report.
Read Mark Feather’s sentencing recommendation
Read our previous reporting here.
December 22, 2017
Fraud Friday — Mark Feathers Guilty of Fraud
August 25, 2017
Fraud Friday — Mark Feathers Apologizes, Asks Court for Release from Jail
May 19, 2017
Fraud Friday Exclusive Mugshot — USA vs Mark Feathers — His SBA Fraud Timeline
March 31, 2017
Fraud Friday — I will Physically attack any Witness from my Seat at my Trial who says Ponzi says Former SBA License Owner Mark Feathers
June 6, 2016
Main Street Monday — Harvest Small Business Announces Management Team for 7(a) License Bought from Mark Feathers’ Court-Appointed Receiver.
February 12, 2016
Fraud Friday — BYL Small Business Finance to Purchase SEC Seized SBLC License
June 16, 2015
SBA Hot Topic Tuesday — Feathers’ SBLC License Back on the Market
May 1, 2015
Feedback Friday — The SBA Loan Broker Discussion, Mark Feathers to Sue SBA and the SBLC List
April 10, 2015
Fraud Friday — Business US Acquires Small Biz Capital’s SBLC License
February 10, 2015
SBA Hot Topic Tuesday — Small Business Capital’s SBLC License to Sell for $700,000
November 14, 2014
Small Business Capital’s Mark Feathers Indicted on 29 Counts of Fraud
November 8, 2013
Fraud Friday – Mark Feathers Personally Liable for $7.8 Million to SEC
October 25, 2013
Anti-Fraud Friday – Mark Feathers Responds to SEC Receiver’s Intent to Sell SBLC License
October 23, 2013
SEC Receiver to put Mark Feathers’ Small Business Capital License on the Market
October 17, 2013
Small Business Capital’s Mark Feathers is appealing the federal court’s summary judgment against his company by the SEC
August 23, 2013
Fraud Friday – Federal Judge Rules SBA Non-bank Lender Small Business Capital was a Ponzi Scheme
July 2, 2013
Mark Feathers Disputes SEC Forensic Accounting Report about Small Business Capital
July 1, 2013
Small Business Capital Investor Losses Total $13 Million
April 18, 2013
SEC Seized SBA Lender Update of Mark Feather’s Small Business Capital
January 29, 2013
SB Capital Update – Mark Feathers Fights SEC for Control
Jan 17, 2013
SB Capital Update – Feathers’ Minor Children Bought Defaulted Loans
July 16, 2012
SEC Closes SBA Lender In Ponzi Scheme Charges