Disbarred and disgraced attorney Troy A. Titus was sentenced to 30 years in federal prison for defrauding clients and friends out of more than $8 million, money a judge said the victims will never see again.
The 44-year-old father of six wept as he tried to explain himself before U.S. District Judge Raymond A. Jackson and a courtroom filled with family and friends. Other than blaming his swelled pride, Titus was at a loss.
"I wish there was something I could do to explain it," he said. "I guess I got to the point where I completely lost sight of reality."
A federal jury in December convicted Titus of 33 felonies, finding that he had operated a Ponzi scheme that cost his victims around $8 million in losses. The government now says the total fraud amounted to nearly $12 million.
Calling Titus "an economic sociopath," Assistant U.S. Attorney Michael Moore asked the judge to put Titus behind bars for the rest of his life. While the judge did not do that, Titus will be well past retirement age when he is released, unless he wins his appeal.
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Disbarred Attorney Sentenced to 30 Years for Fraud