Matson’s lawyers conceded that his perform “was and is inexcusable. Very little he has completed or will do likely ahead can at any time improve that simple fact, and we do not endeavor to recommend in any other case.”
But, they additional, “Mr. Matson took fast techniques to atone for his misconduct. He voluntarily resigned from the bar … he directed [his lawyers] to disclose critical information and facts about his conduct that was not then regarded to the authorities, to cooperate absolutely, and at some point to negotiate a resolution with the Place of work of the U.S. Legal professional. Throughout that approach, and beginning prior to pleading responsible, Mr. Matson worked with the govt to make certain that all restitution was produced.”
“While his incredible initiatives to fork out restitution do not excuse his perform or lessen the seriousness of the offense, they existing a considerable mitigating component that the Courtroom should really take into consideration,” his lawyers wrote.
Courtroom documents display that in 2019, Matson manufactured bogus statements about allegations that he misappropriated cash as a court-appointed trustee in the individual bankruptcy of LandAmerica Fiscal Team. A federal investigation found occasions of Matson’s embezzlement from the LandAmerica Have faith in involving 2015 and 2018, totaling roughly $800,000 in misappropriated funds, prosecutors explained.
LandAmerica, a Henrico County-based mostly title insurance policy business that was one of the greatest in the U.S., submitted for Chapter 11 bankruptcy defense in 2008. In 2009, Matson was appointed the liquidation trustee by the U.S. Bankruptcy Court docket for the LandAmerica Economic Group Liquidation Rely on. Then in 2015, Matson was appointed to provide as the fiduciary of the wind-down money.