Ex-judge likely headed to prison is expected to get pension of up to $150K annually
A Nevada judge agreed to give up his seat on the bench and his law license last week when he took a plea in a federal wire fraud conspiracy case.
But Steven Jones will retain his pension, because there is no provision under Nevada state law for forfeiture, writes a Las Vegas Review-Journal columnist.
It is difficult to say how much Jones will get, because the pension payout depends on factors such as when he begins receiving payments. However, it could be as much as $150,000 annually or more, says columnist Jane Anne Morrison.
Jones is scheduled to be sentenced in January in the Las Vegas case, after pleading guilty last week to one count of wire fraud conspiracy. Another 19 counts including fraud and money laundering were dropped and prosecutors will recommend a 27-month prison term, the Associated Press reported.
The case is based on an alleged $3 million investment scheme.
