ATLANTA -- The sentencing of Atlanta banker Christopher Drogoul, who has admitted making $5.5 billion in illegal loans to Iraq while working in the Atlanta branch of Banca Nazionale del Lavoro, has been pushed back to Sept. 14, from Aug. 13.
Mr. Drogoul, 42, had been charged in a 347-count federal indictment. He entered guilty pleas June 2 to 60 counts, including conspiracy, mail fraud, wire fraud, money laundering, and tax evasion. The maximum sentence would be 390 years in jail, a $17.5 million fine, and $1.8 billion in restitution.
Mr. Drogoul agreed to cooperate with prosecutors. Some Democrats in Congress have called for a special prosecutor to investigate the Bush administration's handling of the Lavoro case.