U.S. v. Knox

Dist. Ct. did not err in sentencing defendant to 235-month term of incarceration on multiple charges of bank fraud, wire fraud, mail fraud, and money laundering stemming from scheme to flip real estate purchases by inflating appraisals in order to deceive banks into loaning more money than properties were actually worth. Dist. Ct. appropriately applied two-level enhancements for use of sophisticated means under section 2B1(b)(9)(c) of USSG and for involvement of more than 10 victims under section 2B1.1(b)(2)(A)(1) of USSG where record showed that defendant deceived many bank officials by falsifying over 150 loan applications in order to obtain loan proceeds. Record also supported Dist. Ct.'s application of enhancement under section 2B1.1(b)(14)(A) of USSG where loan proceeds exceeded more than $1,000,000 as established through spreadsheets generated by FDIC official.