Why prosecutors strike plea bargains
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April 14, 2008

Why prosecutors strike plea bargains

The Orlando Sentinel has an interesting piece today explaining the reasoning behind plea agreements, both from the prosecutor's and the defense lawyer's points of view.

Comments

10:34--Tell us what it is you found so interesting in the transcript. Here's an excerpt from the story I wrote about the sentencing:

He stood at a wooden lectern flanked by his lawyers as Judge Sharp went through the plea agreement point by point, asking him if he did what the government accused him of doing.

"Yes," Pearlman replied over and over in a clear voice. Yes, he lied about investors' funds being FDIC-insured. Yes, he lied about having a $50-million trust fund. Yes, he gave banks phony tax returns. Yes, he used a dead man's name on company documents. Yes, he understood that he was pleading guilty.

Periodically Pearlman elaborated, sometimes referring to unnamed accomplices. When Sharp asked if Pearlman had prepared the false financial statements attributed to a fictitious account firm, Pearlman replied, "They were prepared by someone else for us."

Sharp asked Pearlman several times about the money he raised. Pearlman said he spent it on "different investments, different expenses I had." He said those included "artist development, living expenses, working capital" and costs at Church Street Station, where his companies had their headquarters.

Helen Huntley

What did Pearlman say?

Charlie got a big hug from the Sarasota Herald Tribune a day or so ago with a glowing story of him at a Longboat Key film festival party...he was beaming for the camera with a.....woman..in hand. How do you spell smoke screen..say it ain't so Charlie.

Well Peacock, there is no way in hell Lou would have won!!!!

The word is finally out on Charlie. In today's paper it was quoted that there were several aspects McCain would like from Charlie as a Vice President, one of them being that he gets MARRIED...Sorry Charlie, and the beat literally goes on.

In lou's case, there's not much to wonder about...he would never be found not guilty.
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"With the plea," Peacock said, "you never know if you would have won or not."

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St. Petersburg Times personal finance editor Helen Huntley writes about money topics and answers questions about financial planning, investments and personal income taxes.

Helen has been following the Lou Pearlman/Trans Continental investment scam since December 2006. Read more about it in this special report and on this blog.

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