- Associated Press - Tuesday, January 2, 2018

WHITE PLAINS, N.Y. (AP) - A former head of a suburban New York development corporation has been sentenced to probation after admitting involvement in a corruption scheme tied to the financing of a controversial stadium and other projects.

The Journal News says Aaron Troodler also was fined $20,000 on Tuesday.

Federal prosecutors say Troodler, while an official of the Ramapo Local Development Corp., helped sell municipal bonds on fabricated financials.

Former Ramapo Town Supervisor Christopher St. Lawrence was convicted of securities fraud.

Authorities said St. Lawrence inflated town assets to obtain municipal bonds used in 2012 to build a sports and concert venue outside Pomona.

St. Lawrence is scheduled to surrender on March 15, unless the judge agrees to let him remain free pending his appeal.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide