Judge chooses to cheat justice
A federal judge said he chose to cheat justice by showing mercy to a prominent and politically connected Staten Island businessman, sparing him prison time for defrauding six city area banks of more than $5 million. Dpatagonia guide pantsistrict Judge Raymond J. Dearie sentpatagonia capilene reviewenced Saquib Khan, 52, in Brooklyn federal court to four years probation and 1,500 hours of community service. He also ordered the New Jersey resident to forfeit $4.8 million and pay restitution of $4.8 million.
Brooklyn federal prosecutors had sought a sentence of up to 78 months in prison.
Dearie, citing Khan s history of charity and voluminous letters of support, decided on a non prison sentence, said court sources.
Statpatagonia addie boots women's 2011 closeoute Sen. Homeland Security Special Agent in Charge Martin Ficke wrote on Khan s behalf, praising him for helping foster cooperation between the Muslim community and law enforcement after 9/11, according to the Daily News. Senator and Secretary of State Hillary Clinton and ex Gov. George Pataki, pleaded guilty to eight counts of bank fraud.
Khan, who owned and operated Richmond Wholesale Company Inc., transferred nearly $84 million among various bank accounts from November thpatagonia girls jacket reviews3rough December of 2012, despite having insufficient covering funds, Brooklyn federal prosecutors said. Khan said his business was hard hit by Hurricane Sandy in October of that year.
He covered his tracks through a complex web of worthless checks the banks initially credited and wire tpatagonia girls jacket reviews2ransfers, said prosecutors.
Khan s Charleston based firm sold wholesale cigarettes, tobacco, snack food products and bottled water to small retailers, including convenience stores, delis and gas stations throughout the five boroughs and on Long Island.
The company filed for bankruptcy in February 2013, online court records show.
Khan also owned several delis in the borough and now works in a bagel store.
Court papers allege that Khan engaged in a large scale check kiting scheme.
Prosecutors said he set the ruse in motion by depositing worthless checks into separate accounts he maintained. The banks provided immediate credit for the checks entire amount, even though the cpatagonia better sweater vest sale amazonhecks hadn t cleared, said prosecutors.
Khan tried to cover the exchanges by wiring money from the deposit accopatagonia discount code getfpvunt back to the withdrawal account. In doing so, Khan fraudulently covered otherwise insufficient checks and artificially inflated the account balances of the [withdrawal] accounts, said court records.
In the meantime, he withdrew about $5.2 million from the accounts in less than two weeks, said prosecutors.
Khan potentially faced up to 30 years imprisonment for each of the eight bank fraud counts, as well as a $1 million fine and restitution, a spokesman for Loretta E. attorney for the Eastern District of New York, said at the time of Khan s patagonia everlong review 1999plea.
Citing patagonia everlong review 5thKhan s early and complete acceptance of responsibility, yet noting the audacity of his crimes, prospatagonia girls jacket reviewsecutors sought a prison spatagonia girls jacket reviews1entence ranging from 63 to 78 months, according to their pre sentencing submission.
Khan had tried to negotiate a settlement with the banks before his actions were discovered, said prosecutors.
In opting for a non prison sentence, Dearie pointed to hundreds of letters of support for Khan and the depatagonia guide pants expanderfendant s history of charity, said court sources. He also said banks were unlikable victims, sources said.
The judge said he had consulted several colleagues, one of whom said that to show mercy is to sometimes cheat justice, said court sources.
Dearie said he chose to cheat justice in what likely was thepatagonia girls jacket reviews0 most dipatagonia lake state park directionsfficult decision of his long career, sources said.
