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Accused swindler Deberardinis to plead insanity
Posted on 9/7/20 at 11:21 pm
Posted on 9/7/20 at 11:21 pm
Bold strategy, etc.
LINK
This picture kills me
LINK
quote:
SHREVEPORT, La. -- David deBerardinis, the Shreveport businessman accused of swindling investors out of tens of millions of dollars in a Ponzi scheme, has been ordered to undergo evaluation at a federal prison after notifying prosecutors he will now claim the insanity defense at trial.
It is the latest development in a case that has dragged on for two years amid pretrial jockeying by lawyers over what evidence can be presented at trial and deBerardinis’ mental condition.
The magistrate hearing pretrial matters, Mark Hornsby, questioned the timing of the insanity claim and said victims and the public could see it as delaying the day of reckoning.
That frustration was echoed by Michael Long of Shreveport, whose late brother was among those who lost a large amount of money investing with deBerardinis.
“All these delays are simply that: Delaying the inevitable,” Long said Thursday. “David (deBerardinis), get on with it; get ready to take your medicine.”
deBerardinis, 58, earlier had claimed his mental condition had deteriorated to the point he could not assist in his defense and therefore should not stand trial. After being committed to a federal medical facility for evaluation, Magistrate Hornsby concluded this past spring that while deBerardinis has some cognitive decline, he was competent to stand trial.
deBerardinis’ lawyers now say his condition has deteriorated to the point he might not have known right from wrong when the alleged scheme was occurring.
Hornsby has ordered deBerardinis be evaluated again at a federal prison that has a medical facility. deBerardinis has been free on bond awaiting trial, except for the time he was committed last year for evaluation.
deBerardinis is charged with scamming just over $100 million from investors and banks, who believed they were loaning him money to engage in energy trades that would earn the investors double-digit returns. Federal prosecutors and investors who have filed civil suits say it turned out to be an eight-year-long, Peter-to-Paul ploy of deception where deBerardinis used money from newer investors to pay earlier investors while he diverted investor money to himself. Documents were forged to make it look like trades were being made, prosecutors said.
A psychiatrist whose opinion is supported by federal prosecutors said earlier that deBerardinis was in an early, mild state of dementia. Doctors who testified on behalf of deBerardinis said his condition was more severe and is worsening.
This picture kills me
Posted on 9/7/20 at 11:30 pm to Jim Rockford
Retroactive dementia, that's a new one.
Why is the Court tolerating these silly claims?
Why is the Court tolerating these silly claims?
Posted on 9/7/20 at 11:32 pm to wfallstiger
Due process for the appellate court
Posted on 9/8/20 at 3:10 am to Jim Rockford
quote:
deBerardinis’ lawyers now say his condition has deteriorated to the point he might not have known right from wrong when the alleged scheme was occurring.
Huh? They admit here that his condition now is worse than before. And his condition NOW isn’t “insane”so how could it have been insane then?
Posted on 9/8/20 at 5:02 am to McLemore
So he has great attorneys that are trying to delay this until he dies. Attorneys are not cheap. Is he paying for his high dollar attorneys with money that he stole from his victims?
Posted on 9/8/20 at 5:17 am to Hangit
Hell, he might be scamming them too. Apparently he can charm the birds out of the trees. If you read the transcripts of phone calls between some of the victims, they knew he was sketchy and still let him talk them in to it.
Posted on 9/8/20 at 5:43 am to Jim Rockford
quote:Colonel Sanders’ long lost screen test for “Dirty Rotten Scoundrels”.
Posted on 9/8/20 at 8:28 am to soccerfüt
He stole a ton from one of our customers up there. They had known each other since grade school.
Posted on 9/8/20 at 8:35 am to SOLA
quote:
He stole a ton from one of our customers up there. They had known each other since grade school.
He did it to a lot of people that he grew up with. Word is to that his mother in law lost a ton of money in the scheme as well. My guess is the 100M is just a start, no way he could buy and operate everything he had on that money.
Posted on 7/29/21 at 8:08 am to Jim Rockford
Buddy has plead guilty in exchange for a 15 year sit down.
LINK
David deBerardinis, the Shreveport businessman accused of defrauding investors and financial institutions in a multimillion dollar Ponzi scheme, has reached a plea agreement with federal prosecutors that would result in a 15-year prison sentence, KTBS News has learned.
LINK
David deBerardinis, the Shreveport businessman accused of defrauding investors and financial institutions in a multimillion dollar Ponzi scheme, has reached a plea agreement with federal prosecutors that would result in a 15-year prison sentence, KTBS News has learned.
Posted on 7/29/21 at 8:17 am to Jim Rockford
quote:
deBerardinis’ lawyers now say his condition has deteriorated to the point he might not have known right from wrong when the alleged scheme was occurring.
I bet some boys in the Caddo clink are all foaming at the mouth and flinging poo today. Heck of a defense!
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