Former Virginia Beach Lawyer Convicted of Fraud
NORFOLK, Va. - Brian Gay, 52, of Virginia Beach, Va., was convicted today by a Norfolk federal jury on fraud charges.
Neil H. MacBride, United States Attorney for the Eastern District of Virginia, made the announcement after the verdict was accepted by United States District Judge Raymond A. Jackson. Gay faces a maximum of 20 years in prison on each of the four mail and wire fraud counts, up to 10 years in prison on each of the four unlawful monetary transaction counts, and up to five years in prison on the false statement count when he is sentenced on Jan. 23, 2012.
Gay was indicted on June 27, 2011, on the fraud charges. According to court records and evidence at trial, Gay was an attorney licensed to practice law in Virginia and maintained a law practice in Virginia Beach. In 2006 he qualified as the executor of the estate and trustee for the trust of a Virginia Beach resident who died in 2006. The trust was to be funded by $520,000 in life insurance proceeds for the benefit of the decedent’s minor children. Gay devised a scheme to defraud and converted and misapplied the proceeds of the life insurance policies primarily for his own benefit and not the minor children.
This case was investigated by the United States Postal Inspection Service and the United States Secret Service. Supervisory Assistant United States Attorney Robert J. Seidel, Jr., and Assistant United States Attorney V. Kathleen Dougherty are prosecuting the case on behalf of the United States.
A copy of this press release may be found on the website of the United States Attorney's Office for the Eastern District of Virginia at http://www.justice.gov/usao/vae. Related court documents and information may be found on the website of the District Court for the Eastern District of Virginia at http://www.vaed.uscourts.gov or on https://pcl.uscourts.gov.