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.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]