Sentencing Of Guyana-Born, US Business Again Delayed

Ed Ahmad.

By NAN Staff Writer

News Americas, NEW YORK, NY, Mon. Mar. 14, 2016: The sentencing of Guyana-born US businessman Ed Ahmad, who pleaded guilty in 2012 to conspiracy to commit bank fraud and wire fraud, has been again delayed.

This is likely the fourth time Ahmad’s sentencing has been postponed. He was originally due to be sentenced on January 15, 2016 but this was later deferred to February 12 because of the need for more time for the pre-sentencing report (PSR). Then it was rescheduled for March 4, 2016 in a New York court but that date has been changed again- this time to April 25th at 10 a.m. in courtroom 4 A South before Judge Dora Lizette Irizarry.

Ahmad copped a guilty plea in October, 2012 and is facing 10 years in jail and US$15M in fines and restitution. He has been a cooperating witness in several cases brought by the US against public officials including most recently New York state senator John Sampson. It is thought that with his cooperation in the cases, Ahmad could be facing a much lighter sentence.