Lagan Sentenced To 6½-Year Term In Federal Prison COOPERSTOWN – Thomas Lagan, one of the investors in a 2015 effort to build a downtown hotel here, was sentenced to six and a half years in federal prison this morning for allegations arising from the disposal of an estate after the deaths of philanthropists Warren and Pauline Bruggeman, RPI benefactors, the Times Union is reporting. In all, the Bruggeman and other estates involved the misallocation of $12 million, the newspaper reported.…
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Tom Lagan
Lagan Reportedly In Federal Prison Move Avoids Processing In Harsher NY System, TU Says COOPERSTOWN – According to the Albany Times Union, Cooperstown investor Tom Lagan, 61, is in prison. The newspaper’s Law Beat section reported Saturday that Lagan, who was a partner in the effort to building a downtown hotel here in 2015, and owns several other properties, surrendered to the federal Marshall’s Office at 445 Broadway in Albany last Monday, allowing him to begin serving time in a…
READ FULL TIMES UNION ARTICLE Lagan Pleads Guilty In Inheritance Case Report: Cooperstown Investor Free Pending Later Sentencing COOPERSTOWN – Cooperstown investor Tom Lagan, 61, pleaded guilty in federal court in Albany today to allegations he and a partner benefited from processing the estate of Warren and Pauline Bruggeman, Albany area philanthropists and RPI benefactors, the Times Union is reporting. Lagan, who was an investor in the 2015 downtown Cooperstown hotel project that was eventually abandoned, entered his plea before…
Investor Pleads Guilty, Faces 4-12 Years In Jail Cooperstown Man Misused Funds From Estate, Attorney General Says ALBANY – Albany area financial adviser Tom Lagan, who lives in Cooperstown and has investments in the area, pleaded guilty to a charge that could bring him 4-12 years in jail, state Attorney General Letitia James announced today. Lagan pleaded guilty before Albany County Supreme Court Judge Thomas Breslin to grand larceny, first degree, a Class B felony, James said in a press…
Albany-Area Town Justice Guilty Of Mishandling Trusts Related Case Against Cooperstown Man Still Pending ALBANY – The state Attorney General’s Office today announced the guilty plea of lawyer and former Town of Guilderland Judge Richard Sherwood for, with an alleged co-conspirator, extracting over $11 million from family trusts they were responsible for overseeing. Sherwood pleaded guilty before Albany County Court Judge Peter A. Lynch to Grand Larceny in the Second Degree (a Class C felony). As a result of these…
READ SCHNEIDERMAN’S COMPLAINT COOPERSTOWN MAN CHARGED IN $4 M FRAUD By LIBBY CUDMORE • Special to www.AllOTSEGO.com COOPERSTOWN – Attorney General Eric Schneiderman brought charges today against an Albany area town justice and Cooperstown developer Thomas Lagan for allegedly siphoning $4 million from the family trusts of a Capital Region philanthropist. “As we allege, the defendants orchestrated a complex scheme to steal millions from trusts they were responsible for protecting,” said Schneiderman. “We have zero tolerance for those who try to…