Superseding Indictment Charging Wilkes-Barre Attorney Anthony J. Lupas, Jr. with Conspiracy, Mail Fraud, and Money Laundering
The United States Attorney’s Office for the Middle District of Pennsylvania, announced that a Superseding Indictment was filed today charging Anthony J. Lupas, Jr., 77, of Wilkes-Barre, Pennsylvania, with 29 counts of mail fraud, one count of conspiracy to commit mail fraud, and one count of conspiracy to commit money laundering.
According to United States Attorney Peter J. Smith, the superseding indictment incorporates additional information obtained in the continuing investigation of Lupas’ activities since the original charges and indictment filed earlier this year.
The Superseding Indictment alleges that Lupas used the mails to perpetrate a scheme to defraud several clients of more than $6,000,000. Lupas allegedly took the money from clients promising to hold the money for the benefit of the clients in trust accounts earning a minimum of 5% tax-free interest. At times 7% tax-free interest was promised.
However, allegedly Lupas did not hold any of the clients’ money in an interest-bearing tax-free account and no trust accounts were ever created. Instead, Lupas deposited clients’ money into his own general checking account and then knowingly and intentionally converted the clients’ money to his personal use.
Each of the counts in the superseding indictment is a felony carrying a maximum potential sentence of 20 years in prison for each count and a fine of up to $250,000. The indictment also includes an allegation seeking forfeiture of $6,000,000, as well as the contents of an E-Trade account in the name of Anthony J. Lupas, Jr.
The continuing investigation is being conducted by the United States Secret Service and the Internal Revenue Service - Criminal Investigations and is assigned to Assistant United States Attorneys Michelle L. Olshefski and William S. Houser for prosecution.
Anyone with information concerning funds entrusted to Lupas and/or the disposition of such funds should contact U.S. Secret Service Agent Jason Wolfson at 570-346-5781.
An Indictment or Information is not evidence of guilt but simply a description of the charge made by the Grand Jury and/or United States Attorney against a defendant. A charged Defendant is presumed innocent until a jury returns a unanimous finding that the United States has proven the defendant’s guilt beyond a reasonable doubt or until the defendant has pled guilty to the charges.
Our commitment to combating public corruption in the Middle District of Pennsylvania and to keeping the public informed about pending cases.