An ex-stockbroker charged with conning Merrill Lynch out of $780,000 and utilizing a little of it to buy a Ferrari thought he competence get a cushy understanding from a judge.He was wrong.Manhattan Supreme Court Justice Carol Berkman bloody Steven Mandalas counsel on Wednesday for creation a representation for a jail judgment of one to 3 years - half what prosecutors recommend."You take money, you give it back, you equivocate [a longer sentence]? I dont get it," Berkman barked as she refused to authorize a settlement."I thought 3 to 9 years was some-more appropriate."Mandala, 29, was anticipating to beg guilty to the tip equate of second-degree robbery in sell for the one-year jail army and repaying half of what he stole.Prosecutors authorized the volume of compensation and concluded to trim a little time off the limit jail sentence, charity him dual to 6 years.The decider longed for to know if Merrill, right away owned by Bank of America, authorized of the deal."Dont they have intensity guilt with the people who certitude them with their money?" she asked.Prosecutors pronounced they seized about $300,000 to be returned to Merrill when Mandala was arrested in Feb - and the bank should get an additional $100,000 for the red sports car, that is value some-more than twice that."The Ferrari has been returned to them and they"re in the routine of auctioning it," Assistant District Attorney Vimi Bhatia told the judge.When he practical for a pursuit at Merrill in 2008, Mandala used fraudulent papers to explain he was a big income builder at his prior company.The organisation gave him the pursuit and a $780,000 loan he was ostensible to pay off over eight years - but he give up after dual months but repaying it.His invulnerability counsel was systematic to contention office work to the decider display because his customer should get only one to 3 years.
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