The six-year saga of Los Altos businessman Mark Feathers’ financial fraud prosecution wrapped up last week with a sentencing hearing. U.S. District Judge Lucy Koh accepted a plea agreement and sentenced him to 33 months in prison.
The defense had asked for 21 months, the low end of the range agreed to in the plea deal. The plea agreement pegs Feathers’ ordered restitution payment to a total arrived at during the civil case, approximately $5.7 million, or the estimated total amount lost to investors. His company managed more than $40 million at its peak.