Former Bermuda Housing Corporation worker Dana Martin, who admitted inducing more than $150,000 out of unsuspecting investors, will be sentenced today.

Martin, 43, of Home Port Drive, Hamilton, was due to be sentenced last week at Supreme Court but delays in Magistrates' Court and an urgent personal matter to be attended to by Crown Counsel Juan Wolffe prevented this.

Puisne judge Charles-Etta Simmons bailed Martin and adjourned the sentencing until 11.30 a.m. today.

Martin pleaded guilty to five of the seven charges of inducing $158,500 out of unsuspecting investors from April 1 to September 14 in 1999.

Martin induced Kevin Janzen to invest $25,000 with him after giving a promise or forecast which he knew to be misleading or false.

He also admitted inducing Mr. Janzen to pay him $18,500 by the same means.

He also pleaded guilty to inducing Rosalind Ray to invest $35,000, $20,000 and $60,000 by false or misleading means, in three separate charges.

But Martin denied that between March 31 and September 14, 1999, he signed a BHC purchase order without lawful authority with intent to defraud.