Closed Criminal Division Cases

United States v. Mitchell J. Stein
Court Docket Number: 9:11-cr-80205 (S.D. of Florida)

Case Updates

Court Assigned: This case is assigned to Judge Kenneth A. Marra, U.S. District Court Judge for the Southern District of Florida, Paul G. Rogers Federal Building, 701 Clematis Street, Courtroom 4, West Palm Beach, Florida 33401. Unless noted in an update below, all court events will take place at this location.


UPDATE – September 4, 2018: On August 29, 2018, defendant Stein was sentenced to 150 months of incarceration, followed by 3 years of supervised release.

In addition, defendant Stein was ordered to pay $1,029,570.00 in restitution.

It is important for you to know that just because the Court ordered the defendant to make restitution in this case does not mean that the defendant is financially capable of making restitution at this time. In the event that sufficient restitution payments are received from the defendant, the funds will be distributed by the Clerk of the United States District Court for the Southern District of Florida.


A resentencing hearing is scheduled for defendant Mitchell Stein on July 19, 2018, at 09:00 AM, and July 20, 2018, at 9:00 AM. 

As a reminder, if you are a victim of the defendant's crime, it is your right to speak at the sentencing, submit a written Victim Impact Statement to the court, or both.  If you wish to speak at sentencing, please contact our office at (888) 549-3945 or email us at victimassistance.fraud@usdoj.gov. You can find a Victim Impact Statement form here.


On April 27, 2017, the court held a telephonic status conference in this case. The court has scheduled another telephonic status conference for June 8, 2017, at 10:00 AM.


On January 18, 2017, the Eleventh Circuit affirmed the convictions of Mitchell Stein on one count of conspiracy to commit mail and wire fraud, three counts of mail fraud, three counts of wire fraud, three counts of securities fraud, three counts of money laundering, and one count of conspiracy to obstruct justice. However, the court vacated Stein’s 204-month sentence and $13 million restitution order and remanded for resentencing, finding that the district court erred in calculating actual loss.

The district court will re-sentence Stein at a date to be determined.


Mitchell Stein appealed his convictions and sentencing, and the U.S. Court of Appeals for the Eleventh Circuit heard oral argument on July 12, 2016, at 9:00 am in the 12th Floor Courtroom, James Lawrence King Federal Building, 99 N.E. 4th Street, Miami, Florida 33132.


On April 8, 2015, the court ordered Mitchell Stein to pay restitution in the amount of $13,186,025.85 to 2,415 victims that were identified by the U.S. Probation Office. In view of Stein’s present indigence, the Court ordered Stein to pay a minimal amount per month toward satisfaction of the restitution amount, specifically, 50% of his prison wages (if any) or $25 per quarter while he is incarcerated, and 10% of his monthly gross earnings after he is released. Those monthly payment amounts may be modified at a subsequent time based on any changes in Stein's financial circumstances.


A sentencing for Mitchell Stein occurred on December 4, 2014 and December 5, 2014. The court sentenced Stein to 204 months of incarceration, followed by 2 years of supervised release, and ordered him to forfeit $5,378,581.61. At this hearing, the Court cancelled the restitution hearing that had been scheduled for February 27, 2015.


On May 20, 2013, after a two week jury trial, a jury convicted Mitchell Stein on all charges in the indictment - one count of conspiracy to commit mail and wire fraud, three counts of mail fraud, three counts of wire fraud, three counts of securities fraud, three counts of money laundering, and one count of conspiracy to obstruct justice.


For information about the charges in this case, please click here.


Because of the court’s schedule, hearing dates could change on very short notice. If you plan on attending, you may want to contact the Victim Assistance Line toll-free at (888) 549-3945 or email us at victimassistance.fraud@usdoj.gov.

 

Updated January 7, 2021

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