Feds Want Annuity Of Atty Who Copped To $11.8M Scheme

Law360 (August 20, 2019, 5:07 PM EDT) -- The federal government is looking to collect the contents of an Allianz Life Insurance Co. annuity policy held by a New York attorney who pled guilty to money laundering and tax crimes as part of a scheme to steal about $11.8 million in estate assets from an elderly philanthropic couple.

Prosecutors on Monday filed a complaint in the Northern District of New York against the account held by Richard Sherwood, a former town justice, contending that its unspecified contents include gains from the lawyer’s effort to divert money from trusts established by the late Warren and Pauline Bruggeman for themselves and...

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