Jon Michael Harder, the former CEO of Sunwest Management, must repay $79.5 million in restitution to investors he was found guilty of defrauding, even though his prison sentence was commuted in a last-minute move by former President Trump, a judge ruled Monday.
Harder’s sentence, which he began serving in 2016, included three years of supervised release and restitution to his victims.
U.S. District Court Judge Michael Simon noted in his ruling this week that although the prison sentence was commuted, the remaining components of the sentence were left intact, according to The Oregonian.
Harder already had served five years of a 15-year sentence for what the U.S. Attorney’s Offices for the District of Oregon called the largest investor fraud prosecution in the state’s history. He originally was indicted in 2012 on 56 counts of mail fraud, wire fraud, money laundering and other charges. The government accused…