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Business Observer Thursday, May 3, 2012 8 years ago

Williams sentencing may be delayed, again

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The sentencing of former Orion Bank Chairman and CEO Jerry Williams may be delayed until June.

The sentencing of former Orion Bank Chairman and CEO Jerry Williams may be delayed until June.

Williams faces up to 15 years in prison after pleading guilty in February of conspiracy to commit bank fraud and making false statements to banking regulators in an attempt to save Naples-based Orion Bank. Regulators seized Orion in late 2009 and sold the assets and deposits to IberiaBank of Lafayette, La.

William Sullivan, the banker's attorney, recently filed a motion in federal court to have the sentencing delayed because he's attending a conference on May 31, the same day Williams is scheduled to be sentenced in Fort Myers.

U.S. District Judge Charlene Honeywell scheduled the May 31 sentencing in Fort Myers, giving each side two hours to present witnesses. The sentencing was rescheduled from an earlier date in Orlando to accommodate local witnesses.

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