Ohio Atty For Ponzi Couple Gets 14 Months For Fraud

Law360, New York (June 9, 2017, 2:55 PM EDT) -- An Ohio lawyer was sentenced to 14 months in prison Friday for his role in facilitating a fraudulent land trust scheme on behalf of husband and wife William and Connie Apostelos, who themselves have admitted to a $70 million Ponzi scheme.

Steven Scudder, 62, of Centerville was also sentenced to three years' supervised release. Scudder pled guilty to wire fraud on Jan. 19, admitting he used his position as an attorney to facilitate the Aposteloses' fraudulent investment scheme.

Between July 2013 and July 2014, Scudder served as trustee of the WMA Trust, a land trust that purported to secure investments that...

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