William G. Crabtree II, an attorney from Schererville , Indiana faces additional charges of mail fraud and tax evasion in what prosecutors described as an elaborate scheme to defraud clients out of funds they entrusted to him. Crabtree's fraud was a Ponzi-type scheme whereby he misappropriated funds from new clients, paid back older clients the money he had spent on himself. He is accused in the new indictment also of convincing a client to invest in a real estate development that would pay back 20 percent returns, but instead Crabtree used the money for personal expenditures. He was originally indicted in October on two counts of mail fraud and one count of wire fraud. He has relinquished his law license.
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