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Court trustee gets 18 months for theft to feed gambling habit

September 19, 2011 |  5:11 pm

A licensed private fiduciary who acted as a court-appointed trustee was sentenced Monday to 18 months in prison after admitting that she stole nearly $500,000 from clients to feed a gambling habit.

Teresa Laggner, 56, had pleaded guilty in San Diego federal court to one count of wire fraud and one of money laundering.

Laggner, while managing numerous bank accounts for trust beneficiaries, transferred funds to her personal accounts without authorization, according to court documents.

The total loss to the trusts totaled more than $470,000, prosecutors said. Much of the money was used to gamble at casinos in San Diego and Nevada.

Along with the prison term, Laggner agreed to make $471,000 in restitution.


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