|R. Christopher Reade, center.
Reade reportedly hid his client's financial interest in a purchase, and later committed perjury when he was asked to disclose relevant information about ownership, and a $2.3m investment. Non-lawyer readers who were wondering why he received the extra day, in lieu of a 1-year sentence: adding the additional day gives the defendant two months of gain time off his sentence, which is only earned if it was more than one year. The Court did the defendant a favor.
Was the sentence insufficient as a deterrent to other legal professionals who might be tempted ? We cannot say, but we hope that local media about the case, have been read, and assimilated, by the American legal community. If you look at the above photo, the defendant is, rightly so, humiliated and ashamed. American attorneys have a poor enough image with the public; every time another one goes to prison for money laundering, it deteriorates further.
* United States vs. Reade, Case No.: 14-cr-00022-KJD-CWH (D Nev).