Richmond personal bankruptcy legal professional sentenced in $800,000 embezzlement

RICHMOND, Va. (WRIC) — Bruce H. Matson, a Richmond gentleman who embezzled more than $800,000 all through his time as a personal bankruptcy lawyer, has been sentenced to 44 months in prison and a $10,000 high-quality, according to a assertion from the U.S. Department of Justice.

Matson was the courtroom-appointed trustee for LandAmerica Fiscal Team, a genuine estate insurance policy and financial companies business that faced personal bankruptcy proceedings pursuing the 2008 economical crisis.

A federal investigation found that in between 2015 and 2018, Matson individually embezzled over $800,000 from the belief set up to administer the individual bankruptcy. He plead responsible to obstruction of justice previously this year pursuing allegations that he made false statements to the U.S. Trustee’s Business in the program of their investigation.

In addition to the $800,000 he immediately 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 last bankruptcy agreement the evening prior to the court was set to approve it.

In accordance to the Justice Office assertion, Matson “wrongfully obtained” more than $4 million in assets concerning 2015 and 2019.