A September 21st sentencing guideline has recommended Michael Glaspie be sentenced to 46 to 57 months in prison (3.8 to 4.7 years).

Joint restitution of $54.6 million has also been tabled.

Of the $55 million the Mike G Deal took in (aka CoinDeal), Glaspie misappropriated $5.9 million.

Glaspie (right)
pled guilty
to
Mike G Deal criminal charges
in February 2023. Glaspie’s guilty plea saw him acknowledge he stole $2.4 million from over 10,000 investors.

Glaspie’s Sentencing Memorandum notes that, during sentencing negotiations, Glaspie raised a number of objections that contradicted his guilty plea.

Specifically, Glaspie objected to

the amount of sentencing reduction his plea deal afforded him;

him misappropriating $2.4 million;

him violating a previously issued cease and desist order from Michigan’s Corporations, Securities and Commercial Licensing Bureau;

him contacting Mike G Deal victims upon release following his arrest; and

being “ineligible for probation”

For the most part, the DOJ fell back on Glaspie agreeing to his objections as part of his plea deal.

E.g.

during the change of plea hearing, the Government provided a summary of the relevant facts, including that “Mr. Glaspie misappropriated at least $2,424,971 of investor funds for personal purposes, including trading cryptocurrency, paying his employees’ salaries, and buying a life insurance policy for a family member.

After the recitation of facts, the Court asked Glaspie if “all of the evidence described by [the Government is] the truth,” and Glaspie, under oath, responded, “Yes, Your Honor.”

Glaspie’s sworn testimony at his plea hearing, rather than his unsworn objections now, should be credited.

With respect to Glaspie contacting victims after his release;

Glaspie, even after receiving notice from the PSR and the Court’s Revised Tentative Findings about Glaspie’s contact with victims, still continued to communicate with victims about other investment opportunities.

Glaspie’s offense level calculation places him in Zone D, which apparently renders him ineligible for probation.

In his own sentencing memorandum, filed on August 25th, Glaspie requested

a sentence of home confinement, based on, among other things, his “poor and declining health” and his “ability to adhere to all of the rules of supervised electronic confinement.”

To which the DOJ responded;

Glaspie makes a variety of representations regarding his medical condition, but he doesn’t provide the underlying medical records.

His representations in his sentencing memorandum thus are confusing at best—for example, it is unclear if Glaspie only has a brain scan with “may indicate early Alzheimer’s disease” or if he has been formally diagnosed with dementia.

Furthermore, Glaspie’s conditions, especially his claimed dementia, have not thwarted him from perpetuating the charged scheme. According to Glaspie, he “first noticed difficulty with cognition in 2018,” but Glaspie’s charges here did not begin until

🤖 Quick Answer

What prison sentence is the DOJ seeking for Michael Glaspie?
The Department of Justice seeks 46 to 57 months in prison for Michael Glaspie, corresponding to 3.8 to 4.7 years. Additionally, joint restitution of $54.6 million has been recommended in sentencing guidelines established for September 21st.

What criminal charges did Michael Glaspie plead guilty to?
Michael Glaspie pleaded guilty to Mike G Deal criminal charges in February 2023. His guilty plea acknowledged the theft of $2.4 million from over 10,000 investors through the CoinDeal platform, from which total funds of $55 million were misappropriated.

What objections did Glaspie raise during sentencing negotiations?
Glaspie raised multiple objections contradicting his previous guilty plea, including disputes over

🔗 Related Articles

- Sam Lee detained in Dubai on Interpol arrest warrant
- Daniel Filho criminal case moved back to Massachusetts
- DoJ on TelexFree: Fraud, dishonesty & gross mismanagement
- DOJ want DFRF Enterprises civil case discovery stayed
- Argentinian OneCoin scammer shows no remorse