Sentencing has been delayed for former Town of Ramapo Supervisor Christopher St. Lawrence's in order to allow the judge to review any possible financial losses suffered by investors of the town's fraudulent bonds.
U.S. Judge Cathy Seibel granted the delay after Dec. 12 on Monday morning at the U.S. Courthouse in White Plains after St. Lawrence's attorney, Michael Burke, argued that new figures from the prosecution's estimation of losses could affect his sentencing.
Testimony will begin Wednesday on items that could influence the amount of time the former 66-year-old supervisor spends behind bars if any.
St. Lawrence, who served as Ramapo's supervisor for 16 years and a life-long resident of Ramapo, was convicted in May of securities fraud, wire fraud, and conspiracy. His conviction was a first for securities fraud in connection with municipal bonds.
The case centered on St. Lawrence's rigging of the town's financial books in order to receive lower rates on bonds to finance a $58 million baseball stadium in Pomona, a housing complex on Elm Street, and other town projects through the Ramapo Local Development Corp.
St. Lawrence faces anywhere from probation, to 14 years in prison as suggested by the U.S. Attorney, to two to 2 1/2 years in prison as recommended by federal probation officials.
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