Ex-judge pleads guilty to stealing $11M-plus from trusts
ALBANY, N.Y. (AP) — A lawyer who served as an upstate New York town judge has pleaded guilty to stealing more than $11 million from family trusts he oversaw.
The state attorney general’s office says 57-year-old Richard Sherwood pleaded guilty in Albany County Court on Monday to grand larceny.
Sherwood and a fellow lawyer were arrested in February and charged with stealing millions of dollars from Albany-area philanthropists Warren and Pauline Bruggeman and Pauline Bruggeman’s sister, Anne Urban, through the trusts the lawyers were overseeing.
Sherwood later resigned as Guilderland town judge. He faces three to 10 years in prison.
Authorities say they’ve seized more than $3.7 million from him and a Saratoga County lakeside home that previously belonged to the Bruggemans.
The charges against the other lawyer are pending.