Ex-attorney sentenced for $2.7M investment fraud scheme
LOWER NAZARETH, Pa. - A former attorney who bilked law clients out of more than $2.7 million in an investment fraud scheme has been sentenced to nearly seven years in federal prison.
Todd Lahr, 60, of Lower Nazareth, had pleaded guilty in April to conspiracy and fraud charges stemming from the scheme, which federal prosecutors have said operated from 2012 through 2019. He was disbarred earlier this year.
Lahr, whose practices was in South Whitehall, told investors their money would go into a variety of business opportunities, most prominently a Papua New Guinea mining operation. He instead used the money for such things as his mortgage, his child’s school tuition, utility bills and other personal debt, authorities said.
Lahr targeted more than 20 of his law clients in the scheme and must pay $2.1 million overall in restitution under the sentence imposed this week.
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