A Rancho Santa Fe lawyer who admitted forging personal injury clients’ signatures in a scheme to persuade investors to advance him millions of dollars was ordered Monday to spend five months in federal custody and pay a $100,000 fine.
A prosecutor argued at the sentencing hearing that Todd Macaluso, 53, should spend more time behind bars — at least 10 months — for defrauding his clients and investors.
But the judge said he believed imposing a large fine would be more of a deterrent in a case like this. In addition to the fine, the judge ordered Macaluso to pay $150,000 restitution to LGL Funding, an investors’ group.
“I think I’d rather hit Mr. Macaluso in the pocketbook,” said U.S. District Judge Roger Benitez.
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