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Mercy for an elder fleecer?

His scam victims screaming in protest

Philip Rand Lochmiller is a notorious fleecer of elderly investors. In 1985 in North County, he was sentenced to three years behind bars for his role — along with his mother and brother — in the Lochmiller Mortgage scam, which took older people to the cleaners by offering high returns.

Then Lochmiller found his way to Grand Junction, Colorado, where he promised investors — many retired and elderly — profits of 18 percent on real-estate investments. The scheme collapsed and two years ago Lochmiller was sentenced to 405 months in prison (more than 33 years) — essentially a life sentence, because he was then 64 years old. His son, Philip Lochmiller Jr., got eight years. (Note: This makes three generations specializing in scamming the elderly.)

Now, Lochmiller Sr. is asking for a "compassionate" release from prison after serving 26 of 405 months. The Bureau of Prisons "only exercises this authority on behalf of inmates suffering from life-threatening or terminal conditions, or who are severely and permanently mentally or physically debilitated," according to the Grand Junction Sentinel, which is receiving howls of protest from victims.

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Philip Rand Lochmiller is a notorious fleecer of elderly investors. In 1985 in North County, he was sentenced to three years behind bars for his role — along with his mother and brother — in the Lochmiller Mortgage scam, which took older people to the cleaners by offering high returns.

Then Lochmiller found his way to Grand Junction, Colorado, where he promised investors — many retired and elderly — profits of 18 percent on real-estate investments. The scheme collapsed and two years ago Lochmiller was sentenced to 405 months in prison (more than 33 years) — essentially a life sentence, because he was then 64 years old. His son, Philip Lochmiller Jr., got eight years. (Note: This makes three generations specializing in scamming the elderly.)

Now, Lochmiller Sr. is asking for a "compassionate" release from prison after serving 26 of 405 months. The Bureau of Prisons "only exercises this authority on behalf of inmates suffering from life-threatening or terminal conditions, or who are severely and permanently mentally or physically debilitated," according to the Grand Junction Sentinel, which is receiving howls of protest from victims.

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Comments
7

66 is the "new" 46. The guy isn't elderly, just middle aged. Let him serve another ten or twenty years, and then ask for a compassionate release.

June 24, 2014

Visduh: Still, at age 64 he was sentenced to more than 33 years. Even if he got out early, as so many do, he would be pretty old. Best, Don Bauder

June 25, 2014

I was kidding, of course. But since I'm older still, and people tell me that I'm not "old", I thought that his plight has little to do with his age, but rather his desire to get out of the slammer. It must be utterly discouraging to be that age with nothing to look forward to but decades in confinement.

June 25, 2014

Visduh: But since he enjoyed a posh lifestyle with his investors' money, he has pleasant memories. He was convicted of conspiracy, money laundering conspiracy, money laundering, and mail fraud. Best, Don Bauder

June 25, 2014

Medicare won't cover prisoners. If Lochmiller has an ailment that's costly to treat, I can see prison authorities releasing him to save the state money. The prison warders ought to hang Lochmiller in his cell and make it look like suicide. The Tijuana police do things like this all the time with great success.

June 25, 2014

Burwell: Tijuana police very seldom do anything with great success. Best, Don Bauder

June 26, 2014

San Diego Highwayman: Colorado victims are saying the same thing in almost identical words. Best, Don Bauder

June 26, 2014

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