Disbarred Atty Cops To $9.5M Investor Scam

Law360, New York (July 8, 2011, 9:39 PM EDT) -- Disbarred attorney Mark Roy Anderson entered a plea agreement in California on Thursday in a case accusing him of swindling investors out of nearly $9.5 million after promising massive profits for investments in Terax Energy Inc., Westar Oil Co. and other companies he allegedly controlled.

Anderson, who had previously pled not guilty, agreed to admit to two of the 12 counts against him for wire fraud and money laundering in a superseding indictment. In exchange, the government will move to dismiss the remaining counts, which include...
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