Journal News coverage of day nine of the trial,
April 3, 2017
“Prosecutors at Christopher St. Lawrence’s federal trial continued focusing Wednesday on their contention that the Ramapo supervisor provided an artificially rosy picture of the town’s finances while controlling information to the people selling the town’s bonds.
Kevin Coleman, vice president of Jeffries LLC, underwriters of the town’s bonds, testified that the supervisor was the main source of information before the town’s bonds and bond anticipation notes hit the market between September 2011 and May 2014. Those included financing for the town’s baseball stadium and other projects. [Read more…]