AP NEWS

Town justice suspended following larceny charges

February 28, 2018

ALBANY, N.Y. (AP) — A suburban Albany town justice has been suspended after being charged with stealing more than $4 million from the family trusts of three sisters.

The New York Court of Appeals suspended 57-year-old Richard Sherwood on Tuesday. Sherwood and 59-year-old Thomas Lagan were arrested Friday on charges including grand larceny and scheme to defraud.

Authorities say the men were business associates who devised a scheme to steal from trusts set up by local philanthropists Warren and Pauline Bruggeman. Schneiderman says the thefts also targeted trusts for Pauline Bruggeman’s two sisters.

Sherwood is a former Guilderland town attorney who has served as town justice since 2013. Lagan is a lawyer and financial adviser.

Sherwood pleaded not guilty and was released.

AP RADIO
Update hourly