NY-AG v. Thomas Lagan

Thomas Lagan pleaded guilty for a scheme in which he and Richard Sherwood plundered over $9 million from family trusts they were responsible for overseeing; according to NY-AG, Sherwood and Lagan conspired to deceive an Ohio attorney into sending over $2,000,000 of Julia Rentz’s money to the AUIT, under the premise that it would be sent to charity; in fact, Sherwood and Lagan shared those proceeds; according to NY-AG, Sherwood and Lagan formed the Empire Capital Trust to benefit themselves and funded it with over $1,000,000 of stolen money.

Summary generated from official New York Attorney General press release