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Chad Elie Sentenced To Five Months In Prison

One Of 11 Indicted Gets Five Months Jail Time For Payment Processing Role

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Chad Elie has been sentenced to five months in prison for his part in the events surrounding Black Friday.

In February, attorneys for Elie and John Campos filed a motion for complete dismissal using the DOJ’s new interpretation of the Wire Act as their argument. They were unsuccessful and a month later Elie accepted a deal with the U.S. government.

The Las Vegas business man faced six to 12 months in prison after admitting to conspiracy to commit bank fraud but will now serve five.

According to Bloomberg.com, Elie’s lawyer requested six months of home confinement, two years of probation, and community service in lieu of jail time. However, U.S. District Judge Lewis Kaplan said Elie was in a sense playing a “catch-me-if-you-can kind of game” with the government that “can’t be overlooked” and that a sentence without jail time would be too lenient.

The site also reports that in a brief statement, Elie, one of 11 indicted, apologized to his family and friends and asked for their forgiveness.

 
 
 
 
 
 
 
 
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