Sentencing delayed for Connecticut home builder in bribes scheme

New York /
Mar.March 02, 2010 08:59 AM

Richard Girouard, the Connecticut home builder who in November pleaded guilty to conspiring to bribe a bank official and reaping $6 million in profits from the scheme, faces a maximum of five years in prison when he’s sentenced in April. Girouard, who won several awards from the Home Builders Association during his tenure as head of Girouard Associates, was indicted last January on 15 counts related to the conspiracy to rig bids and pleaded guilty to one as part of a plea agreement, under which the government is seeking to seize his waterfront home in a gated, Norwalk, Conn. community. The 4,400-square-foot home, which the government said he renovated using some of the proceeds from his scheme, is currently listed for $6.4 million. Girouard had been scheduled to be sentenced March 4, but his lawyer filed a motion to have the sentencing delayed so that Girouard, 55, could “resolve certain critical issues” that would allow Girouard Associates to continue operations if he is sentenced to time behind bars. Girouard Associates CFO Paul Mayotte was also indicted in the scheme and pleaded guilty to conspiring to commit wire fraud in December. [NYT]


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Mindspace founders Dan Zakai and Yotam Alroy. (David Garb for Mindspace)
Mindspace gets $72 million induction to continue shared-space expansion
Mindspace gets $72 million induction to continue shared-space expansion
Abalone Point, Laguna Beach California. (Photo D Ramey Logan.jpg from Wikimedia Commons by D Ramey Logan, CC-BY 4.0)
$70 million purchase a record sale in Orange County, California
$70 million purchase a record sale in Orange County, California
Jared Kushner (Getty)
Jared Kushner looks to Persian Gulf for investment-firm financing
Jared Kushner looks to Persian Gulf for investment-firm financing
Chinese President Xi Jinping (Getty)
Chinese regulators ease some real estate controls
Chinese regulators ease some real estate controls
Last remaining Japanese-American farm on LA peninsula to shutter
Last remaining Japanese-American farm on LA peninsula to shutter
Last remaining Japanese-American farm on LA peninsula to shutter
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...