Skip to content
DiSanto Propane (Banner)
Home » News » New York State » Nearly $6.3 million restored to victims of major estate theft in New York, prosecutors say

Nearly $6.3 million restored to victims of major estate theft in New York, prosecutors say

  • / Updated:
  • Staff Report 

Nearly $6.3 million has been collected and distributed to the victims of Richard J. Sherwood and Thomas K. Lagan, following their convictions for stealing approximately $11.8 million from the estates of three deceased sisters, U.S. Attorney Carla B. Freedman and New York State Attorney General Letitia James announced today. Sherwood and Lagan, who were sentenced to federal and state prison, misappropriated funds from estates intended for various charities and nonprofits.


The restitution, largely sourced from criminally derived assets forfeited to the United States, includes significant amounts recovered by Sherwood and Lagan. Beneficiaries of the restitution include local churches, Ukrainian-American civic groups, a hospital, and a university scholarship fund. The ongoing efforts by the U.S. Attorney’s Office’s Asset Recovery Unit aim to recover an additional $5.5 million still owed to the victims.

This case has highlighted the betrayal by Sherwood and Lagan, who were trusted advisors to the philanthropic Bruggeman family and others in Niskayuna, New York. Both men exploited their positions to funnel millions into personal accounts, significantly impacting local community organizations. Their legal battles concluded with substantial prison sentences and continued legal proceedings to restore the misappropriated funds.



Categories: New York StateNews