Shapiro May go to Jail Wednesday

Robert Shapiro appears to be reaching an agreement with the Dept of Justice on

• jail,

• forfeiture of assets and

• ‘cooperation’ with other efforts to recover valuable assets for the bankruptcy trust.

Below is quote from the latest update.

The United States has offered Defendant Shapiro a plea agreement, and Shapiro may announce to the Court that he will accept that plea agreement and enter a guilty plea at a status conference on August 5, 2019, at 9:30 a.m.The terms of the plea agreement include, but are not limited to, a guilty plea to Counts 1 and 10 of the indictment, for which Defendant Shapiro will face a statutory maximum of 25 years’ imprisonment; a requirement that Defendant Shapiro forfeit all of his assets and cooperate with the government in identifying his assets; a requirement that Defendant Shapiro pay restitution; and an agreement not to prosecute his wife, Jeri Shapiro.

The August 5th date you see here was apparently changed with the court to tomorrow at 3 p.m. (in Miami) … to “change his plea” of not guilty.

As is typical, this is part of a larger deal to not pursue his wife for jail and other family members assets, cooperation with the BK trustees, etc etc.

Link to this memo here