Convicted securities schemer Roy Ageloff’s appeal of his $80 million restitution sentence backfired last week, when a federal judge in Brooklyn, following a remand order from the U.S. Court of Appeals for the Second Circuit, raised the amount to more than $190 million.
Eastern District Judge Raymond J. Dearie handed down a sharply worded opinion Friday in United States v. Catoggio, 98-cr-01129, dismissing a slew of objections by Mr. Ageloff as “at best a disingenuous effort to avoid a consequence of his criminal behavior.”
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