The Sentencing of Joe Nacchio

The Race to the Bottom attended the sentencing of Joe Nacchio.  Judge Nottingham ran a tight hearing, ultimately imposing a sentence of 72 months, $71 million in forfeiture and fines, and imposing two years of supervised release once the sentence is served.  Most dramatically, he denied the defense motion for bail pending appeal, giving Mr. Nacchio 15 days once the appropriate prison is designated to begin serving the sentence.  We start today with two posts on the hearing, one from Trevor Crow, a student working on the Blog, and another from Kevin O'Brien.