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
If the DOJ wanted to send a strong message it would prosecute two or more of these cases per state, per year.
ReplyDeleteThin the herd ---- it needs it. Frickin attorneys everywhere --- like geese on a golf course .... leaving little piles of themselves all over the place.
Glad to see Troy Titus get what he deserves... his client's didn't!
ReplyDeleteboo hoo Troy A. Titus
ReplyDelete$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!
ReplyDeleteNow we're talking!
ReplyDeleteI am glad to see Troy Titus held accountable. 30 years is about right. Thank you to all involved.
ReplyDeleteThis is great. If more of these greedy sob's suffered the consequences of their actions, perhaps they'd think twice before ripping people off.
ReplyDeleteThis is a harsh sentence better than most. Titus will have a lot of time to think ~~ was it worth it?
ReplyDelete30 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.
If the courts would prosecute more of these cases, maybe the people with the "license to steal" would think about it being revoked.
ReplyDelete