Lawyer Indicted in Theft of $2.4 Million From Client's Estate
Retired Bucks County attorney Randolph Scott has been indicted for allegedly diverting nearly $2.4 million from a client's estate to his law firm's accounts.
According to the indictment, filed October 3 and announced Thursday by the U.S. Attorney's Office for the Eastern District of Pennsylvania, Scott has been charged with one count of mail fraud and two counts of aggravated identity theft.
Scott has also been charged with one count of tax evasion, one count of attempting to interfere with administration of internal revenue laws and three counts of failure to file income tax returns for allegedly bilking the Internal Revenue Service out of about $520,000 by failing to file a federal estate tax return.
Scott, 70, is listed by the Disciplinary Board of the Supreme Court of Pennsylvania as retired.
The indictment said Scott, who owned Randolph Scott Associates in Warrington, Pa., represented the estate of John C. Bready Jr., and was responsible for assisting the executor of the estate — referred to as J.D. in the indictment — in its administration.
Under the Bready will, according to the indictment, five beneficiaries were to receive $50,000 per year for the rest of their lives, while a sixth beneficiary, a minor, was to receive $50,000 per year until her 21st birthday.
Any remaining money was to be donated to Penn State University, according to the indictment.
The indictment alleged that, between December 2005 and October 2011, Scott diverted nearly $1.8 million in estate funds to his law firm's three accounts on top of the nearly $130,000 in attorney fees he charged the estate.
During that period, the indictment alleged, Scott also diverted into his accounts another nearly $570,000 from checks made payable to the estate.
The indictment alleged Scott used the money to pay both law firm and personal expenses.