Advertisement. Advertise with us

READ FULL TIMES UNION ARTICLE

Lagan Pleads Guilty

In Inheritance Case

Report: Cooperstown Investor

Free Pending Later Sentencing

Tom Lagan

COOPERSTOWN – Cooperstown investor Tom Lagan, 61, pleaded guilty in federal court in Albany today to allegations he and a partner benefited from processing the estate of Warren and Pauline Bruggeman, Albany area philanthropists and RPI benefactors, the Times Union is reporting.

Lagan, who was an investor in the 2015 downtown Cooperstown hotel project that was eventually abandoned, entered his plea before Senior U.S. District Judge Lawrence Kahn. He remains free pending sentencing, the newspaper reported.

As part of his plea agreement, he will pay $6 million in restitution and forfeit some assets. Lagan will be allowed to hold onto two properties he owns as long as he pays $255,000 to the federal government, the report said.

His former associate, attorney and Guilderland Town Justice Richard Sherwood, admitted his role last June, has been cooperating in the investigation against Lagan, and is facing 40 months to 10 years in prison based on his guilty plea to second-degree grand larceny charges, the newspaper reported.

Posted

Leave a Reply

Your email address will not be published.

Related Articles

SCOLINOS: It’s All We Need To Know: Home Plate 17 Inches Wide

COLUMN VIEW FROM THE GAME It’s All We Need To Know: Home Plate 17 Inches Wide Editor’s Note:  Tim Mead, incoming Baseball Hall of Fame president, cited John Scolinos, baseball coach at his alma mater, Cal Poly Pomona, as a lifelong inspiration, particularly Scolinos’ famous speech “17 Inches.” Chris Sperry, who published sperrybaseballlife.com, heard Scolinos deliver a version in 1996 at the American Baseball Coaches Association in Nashville, and wrote this reminiscence in 1916 in his “Baseball Thoughts” column. By CHRIS SPERRY • from www.sperrybaseballlife.com In 1996, Coach Scolinos was 78 years old and five years retired from a college coaching…

Piper Seamon Scores 1,000th point

1,000 THANKS! Piper Seamon 5th CCS Girl To Hit High Mark The Cooperstown Central student section erupts as Piper Seamon scores her 1,000th career point in the Hawkeyes’ 57-39 win over Waterville at home last evening. Seamon becomes the fifth girl and only the 14th player in school history overall to score 1,000 points.  Inset at right, Pipershares a hug with teammate Meagan Schuermann after the game was stopped to acknowledge her achievement. Seamon will play basketball next year at Hamilton College. (Cheryl Clough/AllOTSEGO.com)  …

Sports Can Resume, Superintendents Told

CLICK HERE FOR MEMO TO SCHOOLS Sports Can Resume, Superintendents Told COOPERSTOWN – In a memo released Friday evening, county Public Health Director Heidi Bond advised local school superintendents that sports can resume as early as Monday. “Effective Feb. 1, participants in higher-risk sports may participate in individual or distanced group training and organized no/low-contact group training,” Bond wrote, “…including competitions and tournaments, if permitted by local health authorities.”…