Scott Marks 11 a.m., July 29
Licensed Fiduciary Gets 18 Months for Fund Diversion
Teresa Laggner, a licensed fiduciary, was sentenced today (Sept. 19) to 18 months in custody and ordered to pay $471,000 in restitution for defrauding trust beneficiaries. From 2006 through early 2011, she managed bank accounts holding valuable assets for the benefit of trust beneficiaries.
But the U.S. Attorney's office said that she systematically transferred trust funds to personal accounts without authorization from trust beneficiaries, and blew much of the money at local casinos. She pleaded guilty Feb. 18.
More like this:
- Million-dollar lawyer — Sept. 30, 2014
- Disbarred attorney leaves San Diego County — Dec. 19, 2012
- Ten Years After September 11, 2001 — Sept. 10, 2011
- Trustee Plucked Trust Accounts to Gamble at Casinos — Feb. 18, 2011
- I Have More Money Than I Could Possibly Spend in Our Lifetimes — April 18, 2002