Torkelsen Faces Harder Time Than Expected

When John Torkelsen admitted last year to making false statements to the government regarding a fund that had misappropriated government investment money, he thought he would be doing soft time at "Club Fed." Following the crash of his investment fund — largely supported by his former class-action-bar clients — the erstwhile star witness for plaintiff securities lawyers pleaded guilty and agreed to a 70-month sentence in the relatively relaxed environs of the federal prison camp in Fairmont, N.J.

“The court sentenced Mr. Torkelsen to 70 months in prison and adopted counsel’s requests and recommended to the Bureau of Prisons that it place Mr. Torkelsen in the Federal Prison Camp” Torkelsen lawyer Ralph Caccia wrote to a D.C. federal judge in March.

But apparently you can’t always get what you want.

“Unfortunately, the judgment and commitment order reflects that the court recommended that the designated facility be the federal prison facility of Fairton FCI,” Caccia wrote, “the medium security facility, instead of the federal prison facility of Fairton FPC, the minimum-security facility, which the defendant had requested and this court granted.”

But U.S. District Judge Reggie Walton wasn’t too receptive. “The placement of a defendant at a specific facility for security reasons is a classification decision for the Bureau of Prisons to make, and this court should not have attempted to influence the decision through its recommendation,” Walton wrote. He left the decision up to the prison bureau.

It’s not clear what will happen next, though Torkelsen’s wife, Pamela, who also entered a guilty plea in connection with the fund, has yet to be sentenced, more than a year after her plea was entered. Sources familiar with the situation say she — though not her husband — has been cooperating with the federal investigation into plaintiff firm Milberg Weiss.

Justin Scheck 




2 Responses to “Torkelsen Faces Harder Time Than Expected”

  1. cynhard Says:

    thank you for your work

  2. Legal Pad » Blog Archive » Pamela Torkelsen Visits Milberg Grand Jury Says:

    […] It has long been rumored — and, ahem, reported — that Pamela Torkelsen has been cooperating with the prosecutors looking into class-action giant Milberg Weiss Bershad & Schulman. On Thursday, that was publicly confirmed when she showed up to testify in front of the grand jury in Los Angeles, we’re told. […]

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