MANHATTAN (CN) - Federal prosecutors unsealed an indictment charging an attorney with laundering money in financial adviser Kenneth Starr's $59 million Ponzi scheme. Jonathan Bristol allegedly helped Starr defraud his clients and laundered the stolen money through attorney trust accounts.
When Bristol's law firm sought payment from Starr for $750,000 in legal fees, Bristol laundered a payment to the firm of $100,000 from Starr's clients, according to the complaint.
Prosecutors say Bristol helped Starr use $7 million in stolen client funds to buy a luxury condominium this year.
Starr pleaded guilty in September to wire fraud, money laundering and investment adviser fraud.
Bristol could face up to a 20-year prison sentence if convicted.