U.S. v. Locke

Dist. Ct. did not err in sentencing defendant to 57-month term of incarceration on real estate fraud charge, after finding that said offense involved loss of $2.36 million based on losses to properties that were covered by charged offense, as well as other similar losses incurred during defendant’s scheme. While defendant argued that said loss amount should have been reduced by amounts victims received from sales of properties used to secure fraudulently obtained loans, defendant waived any issue with respect to amount of loss, where defendant’s counsel withdrew his objection to loss calculation at trial. Fact that Dist. Ct., during prior remand, revised downward restitution award based on said sales did not require new loss calculation or preserve issue for subsequent review.