RICHMOND, Va. (WRIC) — Bruce H. Matson, a Richmond man who embezzled in excess of $800,000 throughout his time as a individual bankruptcy legal professional, has been sentenced to 44 months in prison and a $10,000 fantastic, according to a statement from the U.S. Division of Justice.
Matson was the courtroom-appointed trustee for LandAmerica Fiscal Team, a true estate coverage and financial services company that faced bankruptcy proceedings subsequent the 2008 fiscal disaster.
A federal investigation observed that concerning 2015 and 2018, Matson personally embezzled above $800,000 from the have faith in established up to administer the personal bankruptcy. He plead guilty to obstruction of justice before this yr subsequent allegations that he manufactured fake statements to the U.S. Trustee’s Workplace in the class of their investigation.
In addition to the $800,000 he directly misappropriated, he is accused of siphoning $3.2 million in unauthorized payments to himself and other individuals. These payments were being enabled by language Matson snuck into a final individual bankruptcy arrangement the night in advance of the court was established to approve it.
According to the Justice Section statement, Matson “wrongfully obtained” additional than $4 million in property in between 2015 and 2019.