WASHINGTON — The sentencing for convicted bid-rigger David Rubin, currently scheduled for Dec. 17, may be delayed until January at the request of his defense team.
Rubin, who founded CDR Financial Products and pleaded guilty in December 2011 for his role in a scheme to rig bids for municipal bond investment contracts, has had his sentencing date pushed back multiple times already from an original date of April 27, 2012. In a letter to Judge Kimba Wood at the U.S. District Court for the Southern District of New York in Manhattan, Bradley Simon of Simon & Partners LLP said he and other attorneys for Rubin need more time to review the pre-sentence report, which they received only last week.
“The PSR is lengthy, encompassing 184 paragraphs and 47 pages,” Simon wrote. “It raises a myriad number of issues which need to be analyzed and adequately addressed.”
A PSR is a report prepared by the probation office which includes personal and background information about the defendant that a judge might take into account when deciding how heavy a punishment to give out. Simon told Wood that he had spoken to the prosecution, which did not object to the postponement “until January 27, 2014, or an alternative subsequent date acceptable to the court.”
Justice Department lawyers had previously requested a delay of Rubin’s sentencing while they worked on the possibility of his cooperation against other defendants. Rubin had recently requested a delay so his defense team could rebut the restitution amounts government attorneys requested the court order Rubin to pay.