A disbarred lawyer who spent roughly 20 years as a fugitive before his arrest last year pleaded guilty on Friday in Boston federal court to wire fraud, identity theft and other charges after duping investors into giving him $1.7 million for a supposed real estate development.
After reaching a deal with federal prosecutors, Scott Wolas, 69, entered a guilty plea to seven counts of wire fraud, one count of aggravated identity theft, one count of misusing a Social Security number and one count of tax evasion. Wolas could face a maximum of 20 years in prison plus three years of supervised release on the wire fraud charges, while the identity theft charge carries a minimum sentence of two years that must be served in addition to any other prison sentence Wolas receives.
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