Former Investview CEO Joseph Cammarata has had his bid for an acquittal denied.

In a February 21st filed motion, Cammarata sought to reverse being convicted of mail and wire fraud conspiracy, wire fraud, money laundering and conspiracy to commit money laundering last November.

On May 30th Cammarata’s post-trial motion was denied.

In handing down his twenty-five page order, Judge Kenney summarized;

After a thorough review of Cammarata’s arguments concerning these Counts, the Court considers Cammarata’s Motion as putting forth three main arguments:

(1) there was a variance or constructive amendment of the indictment;

(2) there was insufficient evidence; and

(3) there was misconduct.

The Court finds none of Cammarata’s arguments entitle him to acquittal or a new trial.

Point one is a bit legalize but can be broken down into Cammarata (right) arguing

the proofs at his trial varied from the Superseding Indictment and he was prejudiced as a result.

This decision was reached following analysis of Cmmarata’s superseding indictment.

Cammarata’s evidence claims was denied on the basis

the Government offered extensive testimony of Cammarata’s coconspirators, along with other testimony and documented evidence.

Finally, Cammarata’s misconduct arguments were rejected on the basis

none of these arguments convince the Court that “there is a serious danger that a miscarriage of justice occurred” such that “an innocent person has been convicted” or errors during trial “substantially influenced the jury’s decision.”

Cammarata filed additional motions to dismiss his indictment and reconsideration of his acquittal denial on May 30th and June 2nd respectively.

The court denied both motions via a one-page order on June 5th.

Looking forward, all that’s left to sort out now is Cammarata’s sentencing.

Cammarata was scheduled to be sentenced on May 24th but that was delayed due to his acquittal motion.

Sentencing filings from both parties have been filed under seal over the past week.

One filing that wasn’t under seal is a Motion for Forfeiture of Property, filed by the DOJ on May 30th.

In the motion the DOJ pegs Cammarata’s forfeiture at $16.4 million, representing “net proceeds” of his recovery scam racket.

I don’t have a new sentencing date but presumably Cammarata will be sentenced shortly. We’ll continue to monitor the case docket for updates.


Update 9th June 2023 – On June 6th Cammarata was sentenced to 10 years in prison.