South Florida Trustee Gets 7 Years For $16M Fraud

Law360, New York (July 27, 2011, 10:10 PM EDT) -- A Florida federal judge on Wednesday sentenced longtime bankruptcy trustee Marika Tolz to nearly seven years in prison for misappropriating $16 million from cases she oversaw as part of a Ponzi scheme.

U.S. District Judge Jose E. Martinez sentenced Tolz, 65, to 81 months in jail followed by 18 months of house arrest for running a scheme where she would pocket money from trust accounts she managed and balance the books using money from other cases.

“A bankruptcy trustee’s breach of fiduciary responsibilities undermines the integrity...
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Case Information

Case Title

USA v. Tolz


Case Number

1:11-cr-20160

Court

Florida Southern

Nature of Suit

Date Filed

March 3, 2011

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