Free Sentencing Memorandum - District Court of Connecticut - Connecticut

Case 3:02-cr-00264-AWT

Document 1587-2

Filed 07/05/2005

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UNITED STATES DISTRICT COURT DISTRICT OF CONNECTICUT
:

UNITED STATES OF AMERICA, v. E. KIRK SHELTON.

: : : : :

No. 3:02 CR 264 (AWT)

July 5, 2005

DEFENDANT SHELTON'S MEMORANDUM IN AID OF SENTENCING

LAW OFFICES OF THOMAS P. PUCCIO Thomas P. Puccio, Esq. (CT 22983) 230 Park Avenue, Suite 301 New York, NY 10169 Tel: (212) 883-6383 Fax: (212) 883-6388

DAY, BERRY & HOWARD LLP Stanley A. Twardy, Jr. (CT 05096) Gary H. Collins, Esq. (CT 22119) City Place 1, 185 Asylum Street Hartford, CT 06103 Tel: (860) 275-0314 Fax: (860) 275-0343 MILBANK, TWEED, HADLEY & McCLOY, LLP Scott A. Edelman, Esq. (CT 25268) Thomas A. Arena, Esq. (CT 25269) 1 Chase Manhattan Plaza New York, NY 10005-1413 Tel.: (212) 530-5000 Fax: (212) 530-5219

SANTOS & SEELEY, P.C. Hubert J. Santos (CT 00069) Hope C. Seeley (CT 04863) 51 Russ Street Hartford, CT 06106 Tel: (860) 249-6548 Fax:(860) 724-5533

Case 3:02-cr-00264-AWT

Document 1587-2

Filed 07/05/2005

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TABLE OF CONTENTS
I. Introduction ...................................................................................................................1

II. Factors To Be Considered In Imposing A "Reasonable" And "Individualized" Sentence Pursuant To Section 18 U.S.C. § 3553(a)..........................8

III. The History And Character Of E. Kirk Shelton...........................................................13 A. Mr. Shelton's Parents And Upbringing .................................................................13 B. Mr. Shelton's High School, College And Graduate School Years ........................15 C. Mr. Shelton's Strong Commitment To His Wife And Children............................19 D. Mr. Shelton's Exemplary Employment History ....................................................25 E. Mr. Shelton's Life-Time Dedication To Good Works And Charitable Activities ......................................................................................35

IV. The Nature And Circumstances Of The Offense.......................................................59 A. Mr. Shelton Was Not The Mastermind Of The Fraud And His Knowledge/Participation, At Most, Was Minimal........................................59 B. Mr. Shelton Did Not Take Advantage Of The Fraud By Engaging In Insider Trading Activities Nor Was There Any Intent To Harm Shareholders .......................................................................63 C. Mr. Shelton Did Not Engage In "Corporate Looting" And Cendant's Employees Continue To Work At A Thriving And Productive Company....................................................................................64

V. The Advisory Guidelines Calculation........................................................................67 A. The Advisory Sentencing Guidelines Range ......................................................67 B. Objections To The Total Offense Level Calculation ..........................................68 C. Arguments For Downward Departure.................................................................74

Case 3:02-cr-00264-AWT

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TABLE OF CONTENTS, continued

VI. A Sentence Of Probation Would Sufficiently Satisfy The Purposes Of Sentencing.............................................................................................................95 A. Adequate Deterrence...........................................................................................95 B. Protecting The Public........................................................................................100 C. Just Punishment.................................................................................................101

VII. Mr. Shelton Should Receive A Sentence Consistent With Those Imposed Upon Similarly Situated Fraud Offenders In Order To Avoid Unwarranted Disparity.................................................................................102

VIII. The Need To Provide Restitution To Any Victim Of The Offense ........................106

IX. Sentencing Recommendation ..................................................................................106

X.

Conclusion ...............................................................................................................109