Ex-area mortgage company owner’s sentencing delayed
RICHMOND — Wednesday’s scheduled sentencing for the owner of the former Trust Mortgage and Trust Title Services companies in Richmond in a $1.26 million wire fraud case was postponed until July 12.
Roberto Jaramillo, 39, of North Chesterfield pleaded guilty in January, admitting that he misappropriated money that was supposed to be held in escrow. He used it to pay business expenses and to repay debts on deals for which he had not made proper disbursements.
The government is asking U.S. District Judge Robert E. Payne for a term of 33 months. Jaramillo is asking for home confinement and no imprisonment so he can continue to work and repay the money. Payne indicated Wednesday that he was considering home confinement.
But the judge continued the sentencing, asking for verification of Jaramillo’s current employment, more information about Jaramillo’s bankruptcy case and whether Jaramillo could lose his current job by actions taken by the Virginia State Corporation Commission.