Monday, April 26, 2010

Lawyer Sentenced to 30 Years

Troy A. Titus, 43, of Virginia Beach, Va., was sentenced to 30 years in prison for operating multiple fraud schemes to steal and misappropriate almost $10 million from clients and investors.

Neil H. MacBride, United States Attorney for the Eastern District of Virginia, and A.J. Turner, Special Agent in Charge of the Norfolk Field Office of the Federal Bureau of Investigation, made the announcement after sentencing by United States District Judge Raymond A. Jackson.

“People trusted Troy Titus as an advisor and lawyer, and he swindled dozens of victims out of millions,” U.S. Attorney MacBride said. “We hope this 30-year sentence will send a clear message that those who engage in financial fraud will face severe consequences.

Full Article and Source:
Virginia Lawyer Sentenced to 30 Years in Prison for Massive Real Estate Investment Scam

See Also:
Disbarred, Disgraced, and Going to Federal Prison for 30 Years

9 comments:

timlahrman said...

If the DOJ wanted to send a strong message it would prosecute two or more of these cases per state, per year.

Thin the herd ---- it needs it. Frickin attorneys everywhere --- like geese on a golf course .... leaving little piles of themselves all over the place.

Holly said...

Glad to see Troy Titus get what he deserves... his client's didn't!

jerri said...

boo hoo Troy A. Titus

Sue said...

$10 million dollars is a lot of money to fund a luxurious life style. Is Mrs. Troy Titus still living in the lap of luxury of stolen money? I hope not!

StandUp said...

Now we're talking!

Garry said...

I am glad to see Troy Titus held accountable. 30 years is about right. Thank you to all involved.

Betty said...

This is great. If more of these greedy sob's suffered the consequences of their actions, perhaps they'd think twice before ripping people off.

Judy/Judy said...

This is a harsh sentence better than most. Titus will have a lot of time to think ~~ was it worth it?

30 years? Do truth in sentencing laws apply to federal incarceration?

Or is the perp out in less time, maybe 15 years with good behavior? Something to think about.

Anonymous said...

If the courts would prosecute more of these cases, maybe the people with the "license to steal" would think about it being revoked.