Ramapo Town Supervisor And Former Executive Director Of Ramapo Local Development Corporation Charged With Securities Fraud In Connection With Ramapo Municipal Bonds

Preet Bharara, the United States Attorney for the Southern District of New York, Diego Rodriguez, the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), Andrew J. Ceresney, Director of the Securities and Exchange Commission’s Division of Enforcement (“SEC”), and Thomas Zugibe, the Rockland County District Attorney, announced the unsealing of an indictment charging CHRISTOPHER ST. LAWRENCE, the elected Supervisor of the Town of Ramapo, New York (the “Town”), and N. AARON TROODLER, the former Executive Director of the Ramapo Local Development Corporation (“RLDC”), with 22 counts of securities fraud, wire fraud, and conspiracy in connection with municipal bonds issued by the Town and by the RLDC.