Cooperstown developer, Town justice charged with stealing $4M from trusts

Authorities say a Cooperstown developer and Albany area town justice is charged with stealing more than $4 million from the family trusts of three sisters.

Posted: Feb 23, 2018 9:13 PM

ALBANY, N.Y. (AP) - Authorities say a Cooperstown developer and Albany area town justice is charged with stealing more than $4 million from the family trusts of three sisters.

New York Attorney General Eric Schneiderman says Thomas Lagan, 59 was arrested Friday on charges including grand larceny and scheme to defraud.

Richard Sherwood, 57, an Albany area attorney, was also arrested in connection with the crime.

Authorities say the men were business associates who devised a scheme to steal from trusts set up by local philanthropists Warren and Pauline Bruggeman. Schneiderman says the thefts also targeted trusts for Pauline Bruggeman's two sisters.

Sherwood is a former Guilderland town attorney who has served as town justice since 2013. Lagan is a lawyer and financial adviser.

Sherwood pleaded not guilty and was released. His lawyer isn't commenting on the charges. A message left with Lagan's lawyer wasn't returned.

(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

(WKTV staff contributed to this article)

New York Coronavirus Cases

County data is updated nightly.

Confirmed Cases: 400299

Reported Deaths: 32331
CountyConfirmedDeaths
New York City21840323267
Nassau422322190
Suffolk419111992
Westchester352261433
Rockland13691670
Orange10820484
Erie7660644
Dutchess4262152
Monroe4120277
Onondaga3078190
Albany2190121
Ulster185386
Oneida1806104
Sullivan146448
Putnam135563
Niagara132794
Schenectady85237
Broome78460
Rensselaer58830
Saratoga58717
Columbia48237
Madison37117
Ontario29333
Orleans28754
Warren27433
Steuben27241
Fulton26424
Greene26418
Washington24914
Genesee2465
St. Lawrence2272
Oswego2163
Wayne2013
Herkimer1844
Tompkins1810
Chenango1666
Tioga15924
Chautauqua1557
Chemung1482
Livingston1448
Cattaraugus1346
Montgomery1284
Cayuga1242
Clinton1074
Wyoming1015
Jefferson950
Delaware914
Otsego885
Seneca730
Allegany641
Schoharie620
Cortland560
Essex510
Yates486
Franklin350
Lewis310
Schuyler130
Hamilton60
Unassigned00
Utica
Overcast
71° wxIcon
Hi: 82° Lo: 62°
Feels Like: 71°
Oneonta
Overcast
64° wxIcon
Hi: 81° Lo: 62°
Feels Like: 64°
Herkimer
Overcast
71° wxIcon
Hi: 82° Lo: 62°
Feels Like: 71°
Thendara
Overcast
71° wxIcon
Hi: 76° Lo: 58°
Feels Like: 71°
WKTV Radar
WKTV Temperatures
WKTV Severe Weather
Click here to learn more about A Healthier Mohawk Valley
Saluting Those Who Are Proud 2 Serve
Senior Send-Off brought to you by Herkimer College
Menu 2 Go list of takeout dinners & fish fries
WKTV Golf Card - Under 150 left