District Court, S.D. New York June 30, 2000, 98 Cr. 1377(DC) (United States v. Richards)

MEMORANDUM DECISION

CHIN, District Judge.

In this case, defendant Melvin Lloyd Richards was convicted by a jury on February 17, 2000 of conspiracy, securities fraud, and wire fraud. Following the jury’s verdict, I remanded Richards because I believed he presented a risk of flight. Richards thereafter asked to be released on bail; I denied the motion. Sentencing is scheduled for July 12, 2000.