Aaron Troodler testifies in courtroom Might 1, 2017.
Disbarred attorney Aaron Troodler on Tuesday will likely get his New Year’s wish with a sentence sparing him of prison time for testifying against his co-defendant, former Ramapo Supervisor Christopher St. Lawrence, who was sentenced to prison time on his securities fraud conviction.
Although U.S. District Court Judge Cathy Seibel retains the final say on whether Troodler spends time behind bars, the U.S. Probation Office recommended probation and a $25,000 fine for the former Ramapo town assistant attorney, according to Troodler’s sentencing memorandum.
The U.S. Attorney’s Office has not opposed the recommended sentence with three years supervision, according to the memorandum filed with the court.
Prosecutors also are expected to make their recommendation and give the judge a letter outlining Troodler’s cooperation against St. Lawrence, prior to sentencing at the federal courthouse in White Plains.
The memorandum submitted to Seibel by Troodler’s attorneys says the government agreed Troodler played a minor role in the fraud, didn’t benefit financially, and has no prior criminal history. The memorandum notes his devotion to community service and his wife and their four children.
The memorandum also promotes Troodler as a family man who is primary caretaker for his four children — ranging in age from 7 to 19 — because his wife works as a school principal. They now live in Pennsylvania.
“This case is a deeply unfortunate aberration in Troodler’s otherwise unblemished life,” the memorandum states, noting Troodler’s testimony over three days in April and May tied St. Lawrence to the securities fraud conspiracy.
PLEA: Aaron Troodler pleads guilty
PLEA DEAL: Troodler will testify against Ramapo’s St. Lawrence
DISBARRED: Aaron Troodler’s law license revoked
Both St. Lawrence and Troodler — as officials of the Ramapo Local Development Corp. — were charged with securities fraud, wire fraud and conspiracy involving the falsification of documents seeking bond financing for the town baseball stadium and other infrastructure projects. They also oversaw financing of the 132-unit Ramapo Commons condominium project.
Troodler, 42, admitted taking part in a St, Lawrence-orchestrated scheme to defraud investors in municipal bonds issued by the RLDC. Troodler served as corporation’s executive director as St. Lawrence led the agency’s now-disbanded three-member board.
Troodler and St. Lawrence lied to investors about the town and RLDC bonds, prosecutors said, “primarily by making up false assets in the town’s general fund” … “in order to conceal the deteriorating state of the town’s finances and the inability of the RLDC to make scheduled payments of principal and interest to holders of its bonds from its own money.”
Troodler pleaded guilty in March to one…