In Unusual Sentence, Ex-Dewey & LeBoeuf CFO Avoids Jail Time

, New York Law Journal


A New York state judge on Tuesday imposed a $1 million fine and 750 hours of community service for Joel Sanders, the convicted former chief financial officer at now-defunct Dewey & LeBoeuf.

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What's being said

  • J. Osman

    Anyone who says that we do not have two separate and disparate judicial systems in this country (one for the rich, and one for everyone else) is either completely ignorant or a beneficiary of the unevenness. The judge gave Sanders a conditional discharge on each count and ordered him to pay one-third of the $1 million fine annually during the three years of the conditional discharge. ONLY if Sanders fails to pay the fine, will a one-year jail term be imposed on each felony count. So, in other words, this white collar criminal has, literally, been allowed to buy his way out of a prison sentence. No poor or middle class citizen could ever receive this sentence, because it would be impossible for them to fulfill it. It‘s simply a cage for them.

  • Lowell Peterson

    This jury found Sanders guilty of scheme to defraud, securities fraud and conspiracy after five days of deliberations and about three months of trial. Considering the scope and effect of his crimes, it seems deplorable that he got no jail time.

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