Former Supervisor Christopher St. Lawrence faces as much as 14 years in federal jail when sentenced Nov. 27 by Decide Cathy Seibel in U.S. District Courthouse in White Plains. A jury convicted St. Lawrence of 20 counts of securities fraud, wire fraud and conspiracy.
WHITE PLAINS – When U.S. Decide Cathy Seibel is scheduledto sentence Christopher St. Lawrence on Monday, the jurist will doubtless settle the disagreements between prosecutors and St. Lawrence’s lawyer on the previous Ramapo supervisor’s motivations to commit fraud and the way a lot jail time he deserves.
Nevertheless, Monday’s sentencing could possibly be adjourned till December.
St. Lawrence’s lawyer requested Seibel in court papers filed Wednesday for additional time to analyze the prosecution’s updated estimation of the financial loss suffered by investors who bought Ramapo bonds based on false information from St. Lawrence.
The U.S. Attorney’s Office opposes a delay, arguing in court papers that the estimated loss has been properly calculated.
Seibel will hear the arguments Monday.
Both sides have offered Seibel their views on St. Lawrence’s corruption-related convictions in lengthy sentencing memorandums. Seibel, a former federal prosecutor, oversaw St, Lawrence’s jury trial from late April to the middle of May.
Aaron Troodler on the left enters the federal courthouse in White Plains (Photo: File)
The U.S. Attorney’s Office’s 59-page memorandum recommends Seibel sentence St. Lawrence to prison from 11.25 years to 14 years based on the prosecution’s estimated $2.9 million financial loss to investors in a scheme involving municipal bonds.
Federal probation officials have recommended two to 2 1/2 years in prison.
St. Lawrence’s lead attorney, Michael Burke, in his 32-page court memo, suggested Seibel sentence St. Lawrence to probation. Burke argued the prosecution failed to prove its case and called the prosecution’s sentence recommendation disproportionate to the crimes.
SENTENCING: U.S. prosecutors recommend 14 years for St. Lawrence
ST. LAWRENCE: His sentencing memo seeks probation
A jury sitting at the federal courthouse in White Plains convicted St. Lawrence on May 19 of 20 counts of securities fraud, wire fraud and conspiracy, acquitting him of two securities fraud counts. The conviction forced the Democrat to resign as supervisor after 16 years.
The jury accepted the prosecution’s evidence St. Lawrence manipulated the financial books of the town and its economic arm, the Ramapo Local Development Corp., by fabricating revenues to get better rates on municipal bonds and short-term borrowing notes to finance its baseball stadium and other projects.
Sales from another RLDC-financed project, the Ramapo Commons condominiums on Elm Street, were supposedly paying off the stadium costs, including a $25 million bond. The RLDC couldn’t meet the…