Opinion ID: 197346
Heading Depth: 2
Heading Rank: 3

Heading: The Government's Concessions.

Text: 72 The district court ordered Vaknin to make restitution in the amount of $1,000,000. This figure is vulnerable on two fronts. First, the government has brought to light on its own initiative a mathematical error that, when corrected, will reduce the amount of restitution owed. 11 Second, the sentencing court premised the loss calculation on the amount which the Bank received when it resold the property Vaknin had pledged to secure the defaulted loans, rather than on its fair market value at the time of foreclosure. Because the district court used fair market value as of the foreclosure date when determining the amount of restitution that Yeghian owed, the government concedes that it would be fair to employ the same barometer in respect to Vaknin (a similarly situated codefendant). We accept the government's concessions at face value, without passing substantively upon them, and direct the district court to make these two adjustments to the restitutionary award. The resultant obligation thus will be reduced to $902,000.