Sentencing delayed in auto-service scheme - KMOV.com

Sentencing delayed in auto-service scheme

EAST ST. LOUIS, Ill. (AP) -- A federal judge has put off sentencing two executives of a telemarketing company that sold tens of millions of dollars in bogus auto-service warranties so prosecutors can decipher restitution.

Christopher Cowart of Fort Lauderdale, Fla., and Cris Sagnelli of Boca Raton, Fla., pleaded guilty in December in East St. Louis to a felony count of using a fictitious name as part of a mail-fraud scheme.

They were scheduled to be sentenced Wednesday, but a judge postponed those proceedings until June 6.

Prosecutors say the defendants' company, Transcontinental Warranty Inc., sold more than 15,000 warranty contracts, garnering nearly $40 million. Because restitution is mandatory, the government is trying to figure out how much each victim lost, something prosecutors say in court papers has proved "complex."

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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