A Boston-area legal professional is charged with bilking two of his shoppers out of greater than $2 million, utilizing the cash to pay for issues like beauty surgical procedure, a Jeep and his mortgage.
Patrick J. Dolan, 60, of North Attleboro, is charged in federal courtroom with 4 counts of wire fraud.
Federal prosecutors entered the cost on Thursday however together with it was a plea settlement signed by the defendant on July 15. The U.S. Legal professional’s workplace makes no point out of an settlement in its assertion of the case which signifies Dolan will make a primary look in courtroom at a later date.
Dolan is alleged to have schemed to take over funds held in escrow beneath his management at East Boston Financial savings Financial institution pending the end result of a household belief lawsuit through which he represented one of many events, in accordance with a charging doc filed in his case. Between November 2018 and September 2022, a bit of greater than $2 million was deposited into the account.
From that first November by means of round March 2024, prosecutors say, Dolan made checks totaling greater than $759,000 payable to his family members, or shell firms benefiting them, from that escrow account.
He then allegedly continued to exploit the account for issues like tuition funds, “cosmetic surgery” for a member of the family, shopping for a $28,000 Jeep Wrangler car, and even mortgage funds and landscaping prices for his own residence.
If convicted, Dolan might serve 20 years in jail for wire fraud.
The plea settlement which can or could not stay energetic recommends a suggestion sentence to be decided by the decide to be adopted by three years of supervised launch, restitution of $2,022,460 and the forfeit of property and buildings held by Dolan on Overlook Circle in Haverhill in addition to $2,087,372 in money.
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