Acting on a sealed motion, a U.S. District judge rescheduled the day of reckoning for Wyoming power plant promoter and convicted fraudster Michael J. Ruffatto for the eighth time.
Convicted fraudster’s court date is put off until April 18.
The fifth sentencing delay provides more time for the convicted fraudster to sell assets for a hefty cash settlement.
Civil Penalties May Top $12 million
Prosecutors could seek $17 million in addition to repayment, 3 years’ prison as judge delays fraudster's sentencing.