>Sentencing delayed on loan scam conviction of Ronald J. O’Malley, the onetime chief of Bergen County’s public financing agency
MONDAY, DECEMBER 5, 2011
THE RECORD
Next week’s sentencing of Ronald J. O’Malley, the onetime chief of Bergen County’s public financing agency convicted of brokering fraudulent loans through his private mortgage firm, has been delayed to give court personnel more time to complete a pre-sentencing report.
U.S. District Judge Dennis M. Cavanaugh on Monday rescheduled the sentencing of the former Bergen County Improvement Authority chairman and his co-defendant, Laura-Jean Arvelo of River Vale, from Dec. 12 to Dec. 21.
O’Malley, of Upper Saddle River, was the CEO and co-owner of a Ridgewood firm that employed Arvelo as a loan officer and vice president.
Indicted on 68 counts of wire fraud, bank fraud and loan application fraud in 2010, they pleaded guilty to a single conspiracy count in August and admitted scheming with others to defraud lenders by falsifying client income and employment data on mortgage loan applications and supporting documents.
https://www.northjersey.com/news/135078023_Sentencing_delayed_in_loan_scam.html
