Scripps Heir Gets 9 Years For Scamming $3.6M From Family

Law360, New York (July 15, 2013, 9:17 PM EDT) -- A Pennsylvania federal judge on Monday sentenced an heir of Detroit News founder James E. Scripps to nine years in prison for embezzling $3.6 million from a family trust to fund his tony lifestyle, which included luxury homes, jewelry and strippers.

U.S. District Judge Legrome D. Davis sentenced Michael Scripps to 108 months for seven counts of wire fraud associated with a five-year scheme in which he colluded with his mother and uncle’s financial adviser to divert $2.9 million from their trust into his own bank...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.