The crimes of Judge Sherwood were previously reported here. It was originally believed to involving STEALING $4 MILLION of clients trust monies. After completing the investigation it was discovered the fraud involved $11 MILLION.
The state attorney general’s office says 57-year-old Richard Sherwood pleaded guilty in Albany County Court on Monday to grand larceny.
Sherwood and a fellow lawyer were arrested in February and charged with stealing millions of dollars from Albany-area philanthropists Warren and Pauline Bruggeman and Pauline Bruggeman’s sister, Anne Urban, through the trusts the lawyers were overseeing.
Sherwood later resigned as Guilderland town judge. He faces three to 10 years in prison.
Authorities say they’ve seized more than $3.7 million from him and a Saratoga County lakeside home that previously belonged to the Bruggemans.
The charges against the other lawyer are pending.
Source: Daily Journal