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Florida Investment Advisor Sentenced to 5 years for Defrauding Investors

Tampa, Florida– Equity Star Capitol Management Owner Steven Zoernack, 55, of Sarasota, Florida Texas was sentenced to 60 months in federal prison by United States District Judge Susan C. Bucklew of the Middle District of Florida and ordered to pay $3,435,194 in restitution.

Steven Zoernack Pled Guilty to 1 count of Conspiracy to commit Wire Fraud in March 2017.

Zoernack was the Owner of Equity Star Capitol Management an investment advisory firm with offices in California and Florida. Zoernack was charged with the non-violent crime of Wire Fraud which is a federal crime pursuant to 18 United States Code Section 1343 and carries a maximum penalty of 20 years in custody and a fine of $1,000,00.00   

According to the 2017 U.S. Sentencing Guidelines, section § 2B1.1 for Larceny, Embezzlement and other Forms of Theft the Base Offense Level is “7”  for Wire Fraud charges with possible enhancements for multiple victims, more than minimal planning and abuse of trust, and an additional enhancement of 16 levels based a dollar loss of 3,435,194 in the indictment. Judge Susan C. Bucklew sentencing of Steven Zoernack is consistent with a sentence based on the Mid end of level 22 of the U.S. Sentencing Guidelines.

Custody advisor Larry Levine of Wall Street Prison Consultants and Custody Advisers has determined Zoernack’s sentence of 60 months in the custody of the Federal Bureau of Prisons should result in the defendant being awarded 235 days of Good Conduct time resulting in the defendant actually serving a total of 52 months at a Male Minimum Security (FPC) Federal Prison Camp with a possible additional 12 months of early release utilizing the (BOP) Bureau of Prison RDAP Program pursuant to 18 USC 3621(e); or additional 3 to 9 months of home confinement pursuant to the provisions of Second Chance Act of 2007.

Based on Zoernack’s 60 month sentence, home of record and criminal history, Consultant DD Prison Consultants using a Federal Bureau of Prisons “Custody Scoring and Security Classification Form BP-338” projects that pursuant to BOP Program Statement P.S.5100.08 Zoernack should be designated to a Minimum  security federal prison facility within 500 miles of home of their record of Sarasota, Florida Texas with the closest being the Federal Prison Camps in Pensacola Florida, Miami Florida, and Montgomery Alabama.

Wall Street Prison Consultants & Custody Advisers provides advice for White Collar offenders, and works with defendants and their families assisting those being sentenced to Federal Prison with Criminal Case Evaluations, PSR Preparations, and Qualifying Early Release from Federal prison by utilizing the RDAP Program, Extra Home Confinement as well assisting in Prison Designation and prison survival programs.

If you or someone you know is facing Federal Prison, contact Wall Street Prison Consultants today at 877-577-4766 for a free no obligation assessment on Federal Sentencing strategies, early releases and prison designation assistance.

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