Sentencing of First Pension Owners Delayed Until Dec. 7

A judge has delayed until Dec. 7 the sentencing of the owners of First Pension Corp., who admitted to operating a Ponzi scheme for more than 10 years through the pension management firm.

The sentencing for the three Irvine pension firm operators, originally scheduled for Thursday, will be at 8:30 a.m. Dec. 7, according to an order signed by U.S. District Judge John G. Davies in Los Angeles this week.

The sentencing, which will be open to the public, will be at the Edward R. Roybal Federal Building, 255 E. Temple St., in downtown Los Angeles.

William E. Cooper of Villa Park, Valerie Jensen of San Juan Capistrano and Robert E. Lindley of Laguna Niguel pleaded guilty in August to defrauding thousands of investors of $121.5 million in retirement funds. The company owners enticed investors to put money in phony mortgage pools.