Lexington Lawyer Sentenced for Fraud
Contact Person: Winston Holliday (803) 929-3000
Columbia, South Carolina ----- United States Attorney Bill Nettles stated today that Richard J. Breibart was sentenced in federal court in Columbia, South Carolina, for Mail Fraud, a violation of 18 U.S.C. § 1341. Senior United States District Judge Margaret B. Seymour of Columbia sentenced Breibart to 63 months incarceration and ordered him to pay over $2.4 million in restitution to the victims, while noting that he is destitute and has no money or assets.
Evidence presented at the change of plea hearing established that Breibart was formerly a Lexington lawyer with a significant criminal and civil practice. Breibart misrepresented to clients that they were under investigation and that they should transfer their assets to him to prevent them from being seized or lost. Breibart then stole this money and spent it to keep his office up and running. Breibart estimated that he required at least $300,000 per month to break even.
The case was investigated by agents of the Federal Bureau of Investigation. Assistant United States Attorneys Jim Hunter May and Winston D. Holliday, Jr., of the Columbia office prosecuted the case.