A lawyer who represented a $1.5 billion lottery winner was served an indictment in New York on a variety of federal charges. Federal prosecutors say that the lawyer was part of a scheme that included over $100 million in fraud.
The charges against the attorney, who bills himself as the “Lottery Lawyer,” include money laundering, wire fraud, conspiracy to commit money laundering and conspiracy to commit wire fraud. An attorney for the Lottery Lawyer says that both he and his client are anxious to have their day in court. The attorney says his client has always placed the best interests of clients first throughout a 20-year career that included no blemishes.
Prosecutors allege that a large portion of the money in the fraud case came from an unidentified lottery winner in South Carolina. The lottery winner employed the services of the Lottery Lawyer shortly after learning that she possessed the ticket that made her the winner of the second-largest lottery jackpot in history.
Prosecutors say the Lottery Lawyer invested $60 million of the money won by the jackpot winner for personal gain. Prosecutors also allege that the attorney transferred nearly $20 million from the lottery winner’s account without authorization.
The indictment identifies April 12, 2019, as the time when the fraudulent actions on the part of the lawyer first began. This date is also the time the lottery winner chose to announce some of her planned charitable contributions. The lottery winner chose to maintain anonymity after purchasing the winning ticket in October 2018. She cashed in the winning ticket five months later in March, just ahead of the six-month deadline to do so.
A conviction for a white-collar crime can devastate the life of the person with financial penalties, time in jail and damage to their professional reputation. Individuals facing allegations of fraud or other white-collar crimes may be able to secure a better outcome for themselves by speaking with a criminal defense attorney.