In a stunning turn of events, seasoned attorney Craig Sherman, 81, of Sherman & Sherman PA in Boca Raton, Florida, was handed a two-year prison sentence by U.S. District Judge Robin Rosenberg. The sentencing came after Sherman pleaded guilty to orchestrating a $7.5 million fraud, advising clients and friends to invest in real estate development opportunities in the very town where he served as the town attorney.
Craig Sherman Gets 2 Years For $7.5M fraud: The Unraveling Scheme
During a gripping hearing in West Palm Beach, Sherman’s legal saga unfolded as he admitted to defrauding two clients, Barry Smith and June Sanford. Both victims, who attended the hearing, poured their hearts out with statements that painted a vivid picture of betrayal.
Sherman, despite his 50-year career as an “honest trial lawyer,” confessed to diverting funds meant for real estate investments into his personal coffers and his law firm’s benefit. The magnitude of the fraud left Smith and Sanford reeling, with losses totaling $5 million and $400,000, respectively.
A Shocking Twist of Remorse
Despite Sherman’s professed remorse and apologies, prosecutor Laurence Bardfeld raised doubts about the sincerity of his regret. Bardfeld pointed out Sherman’s seemingly unapologetic actions during the investigation, including lavish trips to Europe and fine dining, questioning whether this was the behavior of a genuinely remorseful individual.
