ST. LOUIS (CN) – A St. Louis attorney pleaded guilty to federal charges of embezzling more than $520,000 from 65 clients. Frank N. Carter, 71, admitted diverting clients’ settlement checks for his personal use.
Prosecutors say the checks were mailed to Carter and deposited in a trust fund. Carter then deducted his fees and mailed the rest to his clients. Prosecutors say Carter stole the money between April 2002 and August 2008.
Carter pleaded guilty to one felony count of mail fraud. He faces up to 20 years in prison and $250,000 in fines at his July 10 sentencing. Restitution is mandatory.