Former personal bankruptcy trustee pleads responsible in LandAmerica case | Criminal offense Information
Matson was represented at the hearing by Richard Cullen, a previous Virginia legal professional basic,
Matson was represented at the hearing by Richard Cullen, a previous Virginia legal professional basic, previous U.S. legal professional for the Japanese District of Virginia and the previous chairman of McGuireWoods LLP by Brandon Santos, a husband or wife at McGuireWoods and a previous prosecutor and by Danny Onorato, a previous federal prosecutor.
“You have really a troika of lawyers listed here right now,” Gibney informed Matson.
The situation is currently being prosecuted by Katherine Lee Martin and Kevin S. Elliker, assistant U.S. attorneys.
In 2019, Matson designed false statements regarding allegations that he misappropriated cash as a court docket-appointed trustee in the bankruptcy of LandAmerica Fiscal Group, in accordance to court paperwork.
“A federal investigation into those allegations uncovered numerous instances of Matson’s embezzlement from the LandAmerica Trust involving 2015 and 2018, totaling around $800,000 in misappropriated funds,” prosecutors explained.
The U.S. attorney’s business also said that Matson manipulated the finances for LandAmerica’s put up-personal bankruptcy wind-down period of time so that he could divert residual resources to himself and other folks just after the near of the bankruptcy, when he would no for a longer period be matter to scrutiny by collectors and the U.S. Personal bankruptcy Court.
Matson siphoned absent far more than $3.2 million for private payments to himself and other folks, depleting the have faith in account extra than two years in advance of the close of the wind-down time period.