After a two-week trial in federal court in the Southern District of Florida a well-known and highly respected South Florida attorney faces decades in prison after being convicted of multiple counts of federal crimes.
James M. Schneider, who is 77 years old, is now awaiting sentencing for the crimes he was convicted of earlier this month which could easily amount to a lifetime in prison due to his age. A U.S. District Judge is set to sentence Schneider on Feb. 14, 2019.
In October, 2017, Schneider was charged with multiple counts of securities fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering and wire fraud. At sentencing, he now faces a maximum statutory sentence of twenty-five years for each count of the securities fraud and conspiracy counts, and ten years each for money laundering and the conspiracy to commit money laundering counts, as well as a fine up to $250,000 or double the proceeds of the scheme as to each.