Texas Lawyer Convicted For Role In $5M Stock Sale Scheme

Law360, New York (February 28, 2014, 5:59 PM EST) -- The Texas lawyer who once represented a fraudster who was convicted of stealing $5 million from real estate investors and later fled prosecution was himself convicted on Thursday for his role in the stock sale scheme and now faces a prison sentence of up to 20 years for some of the charges.

Following a 13-day trial, a jury convicted Austin, Texas, attorney Patrick Lanier of conspiracy to commit wire fraud arising from the stock sale scheme, 13 counts of wire fraud, one count of harboring and...
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