Uncooked video of Aaron Troodler on the White Plains Federal Courthouse the place he was sentenced for fraud. Ricky Flores/lohud
Aaron Troodler was spared federal prison time Tuesday when he was sentenced to probation and a $20,000 fine as a result of his testimony against his co-defendant, former Ramapo Supervisor Christopher St. Lawrence, who has been sentenced to prison on his securities fraud convictions.
Troodler, who was disbarred based on his March guilty plea, was given 18 months supervised release by U.S. District Court Judge Cathy Seibel.
The U.S. Attorney’s Office supported the Probation Office’s recommendation of probation for Troodler, based on his cooperation in the Ramapo corruption probe.
Troodler, 42, admitted taking part in a St. Lawrence-orchestrated scheme to falsely show Ramapo was fiscally healthy in order to get lower interest rates on bonds financing the town’s $58 million baseball stadium and other infrastructure projects.
Their actions — including creating phony revenues and misusing funds to pay down stadium bonds — defrauded investors in municipal bonds issued by the Ramapo Local Development Corp., the town’s economic engine that financed the stadium and oversaw the 132-unit Ramapo Commons.
Troodler served as the corporation’s executive director as St. Lawrence led the agency’s now-disbanded three-member board.
Troodler apologized for his actions, saying he embarrassed himself and his family. His parents and about a dozen other friends and family members attended his sentencing at the federal courthouse in White Plains.
“I stand before you completely humbled,” Troodler said, telling Seibel the charges against him didn’t represent the “real Aaron Troodler.”
“I owned up to my mistakes,” he said. “I made a grave error in judgment. Unfortunately, I cannot turn back the clock and change how I acted. I only ask that you let me go home with my wife and children. They need me. I need them.”
Troodler declined comment as he left the courthouse bundled up against the cold weather. His attorney, Joseph Poluka of Philadelphia, said, “We’re glad to put this behind us.”
Troodler’s lawyers pressed his good deeds for the community and his devotion to his family in seeking leniency from Seibel, who noted she could have sentenced him to up to 25 years in prison. Federal sentencing guidelines — based on the seriousness of the crime, his role and his lack of criminal history — recommended a sentence of 10 to 14 months.
Seibel noted the seriousness of misleading the bond market, which relies on the honestly of officials and those making investments. She noted the St. Lawrence-led scam also hurt town taxpayers…