Opinion ID: 810883
Heading Depth: 3
Heading Rank: 2

Heading: Roy III

Text: The district court accepted a loss calculation of $7,336,957.49 before it sentenced Roy III to, among other Nos. 11-1013, 11-3008 & 11-3082 31 conditions, ninety-six months’ imprisonment. Roy III contends he did not have “the requisite mens rea” to be held liable for the losses from either the Spend and Redeem Program or the Housing Program because he was fooled just like the investors. In his eyes, he should not be held accountable for any of the losses. The problem for Roy III is the evidence demonstrates that the overall scheme he was convicted of participating in included both programs. As the district court stated at Roy III’s sentencing, “[The Spend and Redeem and Housing Programs] were not two separate operations. They were interrelated components of the same MTE, More Than Enough, operation.” We think the evidence regarding Roy III’s participation at venue meetings, involvement with the Norwood transaction, and knowledge of the “inherent implausibility” of the promised returns (for both programs) amply support a finding that Roy III knew both programs were fraudulent, yet continued to actively participate in their operation. There was no error in the calculation of the losses attributed to Roy III.