By EMILIE PHELPS Special to the Daily Press
DOWNTOWN LA — Thomas Edward Rubin, convicted on Monday of bilking tens of millions of dollars from clients of his former media placement agency, can await sentencing in the comfort of his own home, a judge decided Wednesday.
In the wake of his 25 felony convictions on counts of conspiracy, mail fraud, wire fraud, bankruptcy fraud and money laundering, Rubin faces several hundred years in federal prison.
The 58-year-old Malibu resident will be sentenced by U.S. District Judge Gary A. Feess on Oct. 23.
Despite arguments by the U.S. Attorney’s office that Rubin posed a flight risk, the court ruled on Wednesday that he could remain out on bail. According to Assistant U.S. Attorney Paul G. Stern, Rubin is subject to home detention and additional electronic monitoring.
Rubin is the former chairman and CEO of Focus Media Inc., which was once located in Santa Monica.
Rubin was arrested on June 2, 2005, and subsequently released on a $2 million bond.
Originally published in the Santa Monica Daily Press print edition on June 22, 2006. Read the original PDF.