Lawyer Admits Stealing Real Estate Investment Funds

Allison Tussey —  November 16, 2011 — Leave a comment

Joseph A. Troiano, 63, Fort Myers, Florida, pleaded guilty to six counts of wire fraud and one count of mail fraud. Troiano faces a maximum penalty of twenty years in federal prison for each count of wire and mail fraud.

According to the plea agreement, Joseph A. Troiano was a licensed lawyer in Florida. From in or about late 2005, through in or about January of 2010,Troiano, without his client’s authority, or consent, used funds belonging to his clients and their beneficiaries for his own purposes, including investing money in various real estate projects. In all, Troiano misappropriated at least $2.4 million for his own use.

United States Attorney Robert E. O’Neill announced the guilty plea.

This case was investigated by United States Secret Service. It is being prosecuted by Assistant United States Attorneys Robert P. Barclift and Yolande G. Viacava.

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Allison Tussey

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