70-year-old Reva Stachniw of Galesburg has had her sentencing date in Federal Court delayed after being found guilty in August of participating in a multi-million dollar Ponzi scheme.
The retired nurse was found guilty by a jury, alongside 58-year-old Ron Throgmartin on a count of conspiracy to commit wire fraud, five counts of wire fraud, and one count of conspiracy to commit money laundering.
Stachniw and Throgmartin are expected to face decades in prison when sentenced.
The sentencing date was scheduled for last Friday but has been pushed back to February 17th at 10 a.m. in the U.S. District Court for Colorado.
Both Stachniw and Throgmartin’s attorneys are a part of a gang activity conspiracy trial in Atlanta, Georgia that conflicted with the original sentencing date.
Each of the wire fraud counts carries a maximum penalty of 20 years, as well as a max 10 years on the conspiracy to commit money laundering count.
Prosecutors have said that Mark Ray, formerly of Abingdon, was the mastermind of the scheme, but was substantially assisted by Stachniw and Throgmartin.
It’s unclear where Ray is now but he was indicted in Texas in 2018 on a theft charge and is currently being sued by the SEC.
