WILKES-BARRE, Pa. (AP) — Dozens of victims in a fraudulent multimillion-dollar investment scam will get at least some of their money back.
The chief justice of the Pennsylvania Supreme Court said Wednesday that 47 former clients of Anthony Lupas will share in a $3.25 million fund established by the court from collecting annual attorney registration fees.
The former Wilkes-Barre lawyer and school district solicitor faces dozens of charges including mail fraud and conspiracy. His trial has been delayed while a judge determines whether he's competent to stand trial.
His family claims he's suffering from advanced Alzheimer's disease but prosecutors allege he understands the charges against him.
Investigators say Lupas ran a Ponzi scheme, promising clients big returns while pocketing their money and paying off longer-term investors.