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Upstate Town Justice Pleads Guilty To Bilking Estate $11.8M

By Ronald C. Burke, Esq on Jun 12, 2018 | 0 Comments

On June 11, 2018 former NYS Town of Guilderland Justice Richard Sherwood (voluntarily resigned when caught) pleaded guilty to money laundering, tax crimes and grand larceny. Sherwood provided estate planning for the estate of Warren Bruggeman, a top executive of General Electric who died in 2009. After Bruggeman's wife passed away, Sherwood admitted he stole $11.8 million from trust funds he was responsible to supervise. According to a report in today's New York Law Journal, Sherwood is looking at between 3 and 10 years in prison on the state charges and up to 20 years behind bars on the federal charges.

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