Described by the US government as the leader of an extensive mortgage fraud scheme, New York-based Guyanese businessman Ed Ahmad could get a jail term of less than 6.5 to eight years when he comes up for sentencing on April 21 as prosecutors have asked for leniency because of his detailed testimony against former state senator John Sampson.
Following his arrest on July 21, 2011 in New York on a range of charges, Ahmed entered a plea agreement with the government and on October 13, 2012 pleaded guilty to bank and wire fraud conspiracy before Judge Dora Irizarry.
In its sentencing letter tendered to the judge on March 30, 2017, the US government also revealed that further wrongdoing on Ahmad’s part was discovered during his preparation for testimony against Sampson, a longtime friend of his. It is unclear what impact this might have on his sentencing.
