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On November 24, 1998, the Government filed an indictment in
the U.S. District Court for the District of Oregon against Hoyt
and several other persons who had worked for or engaged in
transactions with the Hoyt organization, including Barnes and his
wife, charging them with numerous counts of conspiracy and mail
fraud. Shortly thereafter, respondent moved this Court to remove
Hoyt as TMP in many of the cattle and sheep partnership cases
pending before it.11 In orders issued from June 22, 2000,
through May 15, 2001, this Court removed Hoyt as TMP in numerous
cattle and sheep partnership cases, pursuant to Rule 250(b).
On February 12, 2001, Hoyt was convicted of 1 count of
conspiracy to commit fraud, 31 counts of mail fraud, 3 counts of
bankruptcy fraud, and 17 counts of money laundering. See United
States v. Barnes, No. CR 98-529-JO-04 (D. Or. Feb. 12, 2001),
affd. sub nom. United States v. Hoyt, 47 Fed. Appx. 834 (9th Cir.
2002). The U.S. District Court sentenced Hoyt to 235 months of
imprisonment and ordered him to pay restitution of over $102
million to the individual victims of his crimes. This $102
million figure represented the total amount that the Government
(using Hoyt organization records) determined was paid to the Hoyt
organization from 1982 through 1998 by investor-partners in the
11On June 2, 1999, the Government filed a superseding
indictment against the same defendants, which, among other
things, charged Hoyt with 54 counts of conspiracy to commit
fraud, mail fraud, bankruptcy fraud, and money laundering.
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Last modified: November 10, 2007