The New York Post claims that Lawrence Salander plans to plead guilty and make restitution in the fraud cases against him:
When Salander returns to court for sentencing later this year, Manhattan Supreme Court Justice Michael Obus will determine his prison term — a maximum of 6 to 18 years under the deal — based on how much he has managed to pay back, Ross said. Salander faced 25 years if convicted of the charges.
“This is a good result for him, and for the people whom he is deeply remorseful and sorry about hurting,” the lawyer said yesterday.
“The financial side is not my strong suit,” he told The Post from Rikers Island last year — before he could scrape together a $1 million bail bond.