Opinion ID: 2791321
Heading Depth: 3
Heading Rank: 1

Heading: Nazzal’s Losses

Text: Nazzal incorrectly argues that his loss calculation was “purely speculative” because it was based upon facts that were not part of the record. Prior to the sentencing hearing, the Government submitted charts with two possible loss calculations. The first contained all Fifth/Third loans that might be considered relevant conduct as to Nazzal. The second detailed only those losses stemming from the six transactions explicitly discussed at trial. At Nazzal’s request, the district court limited its calculation of the Fifth/Third losses to only the second chart—i.e., those transactions that were specifically discussed at trial. Accordingly, the court attributed approximately $3 million in intended loss to Nazzal as follows: nearly $1.9 million for the various Fifth/Third frauds, $130,000 for the Comerica fraud, and $960,000 for the Standard Federal fraud.5 We see no error. 5 Although the loans from Fifth/Third totaled $3,150,000.00, the Government offered $1,259,915.58 in offset credits favoring the defendants—a net loss of $1,890,084.12. There was no reduction for the sale or value of collateral for the lien jumping conspiracies against Standard Federal ($750,000) or Comerica ($130,000), which represented nothing more than theft of funds through the use of false documents, false testimony, and false litigation. - 13 - Case Nos. 13-2612 / 13-2628 United States v. Nazzal / Schneider