Boston attorney charged with defrauding clients out of $2M+
A Boston-area attorney is charged with bilking two of his clients out of more than $2 million, using the money to pay for things like cosmetic surgery, a Jeep and his mortgage.
Patrick J. Dolan, 60, of North Attleboro, is charged in federal court with four counts of wire fraud.
Federal prosecutors entered the charge on Thursday but along with it was a plea agreement signed by the defendant on July 15. The U.S. Attorney’s office makes no mention of an agreement in its statement of the case which indicates Dolan will make a first appearance in court at a later date.
Dolan is alleged to have schemed to take over funds held in escrow under his control at East Boston Savings Bank pending the outcome of a family trust lawsuit in which he represented one of the parties, according to a charging document filed in his case. Between November 2018 and September 2022, a little more than $2 million was deposited into the account.
From that first November through around March 2024, prosecutors say, Dolan made checks totaling more than $759,000 payable to his own family members, or shell companies benefiting them, from that escrow account.
He then allegedly continued to milk the account for things like tuition payments, “cosmetic surgery” for a family member, buying a $28,000 Jeep Wrangler vehicle, and even mortgage payments and landscaping costs for his own home.
If convicted, Dolan could serve 20 years in prison for wire fraud.
The plea agreement which may or may not remain active recommends a guideline sentence to be determined by the judge to be followed by three years of supervised release, restitution of $2,022,460 and the forfeit of property and buildings held by Dolan on Overlook Circle in Haverhill as well as $2,087,372 in cash.
