DISCLAIMER:  The following unofficial case summaries are prepared by the clerk's office
                        as a courtesy to the reader. They are not part of the opinion of the court.

062761P.pdf   03/09/2007  United States  v.  Daniel P. Alfonso
   U.S. Court of Appeals Case No:  06-2761
   U.S. District Court for the District of Minnesota - St. Paul   
   [PUBLISHED] [Wollman, Author, with Riley and Shepherd, Circuit
   Judges]
   Criminal case - Sentencing. District court did not err in calculating the
   victims' losses in fraud scheme; gains investors made on their first
   investment in defendant's Ponzi scheme should not be used to offset
   losses they suffered in their subsequent investments.