« Ind. Courts - Morgan County Prosecutor to challenge expungement [Updated] | Main | Ind. Law - Indiana University McKinney School of Law professor emeritus Harold Greenberg dies »

Friday, October 18, 2013

Ind. Decisions - "Former Indianapolis attorney William Conour gets 10 years in prison"

Updating a lengthy list of earlier ILB entries on the Conour debacle, Kristine Guerra of the Indianapolis Star reports today in a long story that begins:

He was once considered a top lawyer, a man whom many knew as one of the best, if not the best, in his field.

Coupled with his millions of dollars in assets — including a 25-room Carmel mansion, a horse farm in Hamilton County, an apartment in Scotland, and expensive collections of wine and artwork — William Conour had it all.

But a different man walked into a federal courtroom in Indianapolis on Thursday. Conour, once one of Indiana’s top construction and accident injury lawyers, will spend the next 10 years in federal prison and will have to pay nearly $7 million in restitution to 36 former clients, a task that could prove to be impossible.

The once wealthy attorney now appears broke. All that is left, according to his daughter, is a box of clothes and a box of books.

Prosecutors alleged that Conour, 66, bilked his clients out of $6.7 million in settlement money by not depositing the appropriate funds into client trust accounts.

He ran a Ponzi scheme for more than a decade, prosecutors said, spending money he won for clients’ legal settlements, then attempting to replace the missing funds with proceeds from subsequent settlements.

The former lawyer’s victims included widows, orphans, people with permanent medical needs and his own daughter.

Also today, Paul Ogden, the Indianapolis attorney currently awaiting the Supreme Court's decision on the recommendations of the Disciplinary Commission in the action against him (the Commission has recommended a one year suspension w/o automatic reinstatement) has an interesting post today at his blog, Ogden on Politics, headed "Indiana Supreme Court Needs to Investigate Disciplinary Commission's Failure to Protect the Public From William Conour ."

Posted by Marcia Oddi on October 18, 2013 11:26 AM
Posted to Ind Fed D.Ct. Decisions