The sentencing of CDR Financial Products Inc. founder David Rubin for his role in rigging municipal bond contracts has been postponed again, to 3:30 p.m. March 12, according to a U.S. District Court spokesman in New York.
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Rubin is scheduled to appear before Judge Kimba Wood of the Southern District of New York in Manhattan. The sentencing date had been slated for March 7.
Rubin, 52, pleaded guilty in January 2012 to three criminal counts dating back to the start of the new millennium. The counts were conspiracy to allocate and rig bids for investment agreements and other municipal finance contracts, defrauding muni issuers and the Internal Revenue Service, and wire fraud. He became a cooperating witness.
