Nevin Shapiro's Sentencing Postponed Until Valentine's Day
|photo by Tim Elfrink|
|Shapiro's autographed UM helmet inside his palatial Miami Beach mansion.|
Shapiro pleaded guilty in September to one count of securities fraud and one count of money laundering after turning his wholesale grocery business into a Ponzi.
As you can read in our feature on Shapiro's crime, he used the $35 million he diverted from the fraud to fund a lavish SoBe lifestyle and to donate large sums to the University of Miami athletic program.
He faces up to 20 years in prison plus a $5 million fine for the securities fraud and as much as ten years and a $250,000 loss for money laundering.
His sentencing is now scheduled for 10:30 a.m. on February 14, Carmichael says.
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