Sentencing of Third Defendant in EFI Loan Fraud Case Postponed



According to recently filed documents in the U.S. District Court for the Eastern District of Pennsylvania, district judge Paul S. Diamond, Jr. has granted a two-month postponement of sentencing for Michael J. Schlager, former senior vice president of EFI.

The sentencing was scheduled to take place on April 7, 2011 in the U.S. District Court in Philadelphia and has been postponed until June 15, 2011.

In January Schlager pleaded guilty to one count of conspiracy and two counts of mail fraud.

The same district judge postponed sentencing for Joseph M. Braas, EFI’s former COO, until June 9, 2011, and Mary C. Stankiewicz, EFI’s former secretary/treasurer and accounting supervisor, until June 10, 2011.

Braas has pleaded guilty to one count of conspiracy and two counts of mail fraud. Stankiewicz has pleaded guilty to one count of conspiracy.

Five additional individuals were indicted and are awaiting trial, which is scheduled for October 25, 2011.

Previously on monitordaily.com: Sentencing of Second Defendant in EFI Loan Fraud Case Postponed,
Thursday, March 03, 2011

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