Opinion ID: 2810874
Heading Depth: 4
Heading Rank: 1

Heading: Michael Jacoby

Text: In calculating Jacoby’s advisory Guidelines range, the presentencing report (“PSR”) grouped Jacoby’s wire fraud, money laundering, and bank fraud convictions, resulting in a base offense level of 7. See U.S.S.G. § 3D1.2(c), (d); § 3D1.3(b). The PSR adopted the government’s loss calculation of $3,160,267 and assigned an 18level increase based on the amount of the loss. See U.S.S.G. § 2B1.1(b)(1)(J) (providing 18-level increase if loss is more than $2,500,000 but less than $7,000,000). Jacoby also received a two-level increase based on the number of victims. See U.S.S.G. § 2B1.1(b)(2)(A) (providing two-level increase for offenses involving 10 or more but less than 50 victims). Finally, for his role as an “organizer or leader” of the fraudulent scheme, Jacoby received a four-level increase under U.S.S.G. § 3B1.1(a). Jacoby’s total offense level of 31 and his criminal history of I resulted in an advisory Guidelines range of 108-135 months’ imprisonment for each of his 16 convictions. The district court sentenced Jacoby to a controlling term of 108 months’ imprisonment followed by a five-year term of supervised release and ordered restitution of $2,926,467.