Robert Blom, 59, pleaded guilty to one count of wire fraud and one count of money laundering last month as part of a plea agreement that was accepted by the U.S. District Court on Aug. 2.
With the charges, Blom faces a maximum sentence of 40 years in prison, with a 20-year maximum for each count. Blom is also subject to a fine of up to $750,000, and restitution may also be ordered in the case. He is scheduled to be sentenced in November by U.S. District Judge Karen Schreier.
Blom was facing a combined 32 counts of wire fraud and money laundering when the federal case indictment against him was filed in March 2020. At the time, the indictment detailed about $10 million in funds involved in Blom’s federal case with the fraud and laundering charges.
The money laundering charge that Blom pleaded guilty to centers on a payment…