United States Attorney
Northern District of Texas

1100 Commerce St., 3rd Fl.
Dallas, Texas 75242-1699

Telephone (214) 659-8600
Fax (214) 767-0978

DALLAS LAWYER PLEADS GUILTY TO MAIL FRAUD

Admits Fraudulently Using Investor Money Intended to
Build a Senior Care Center to Finance Law Practice

Todd Patrick Lindley, a lawyer residing in Highland Park, Texas, pled guilty today to one count of mail fraud, announced United States Attorney Richard B. Roper. Lindley, who was originally charged in a multi-count federal indictment returned by a grand jury in January, faces a maximum statutory sentence of 20 years imprisonment, a $250,000 fine and restitution. He is scheduled to be sentenced on February 15, 2007, by United States District Judge Ed Kinkeade.

Lindley’s sole practitioner law office is located at 12900 Preston Road, Suite 400, in Dallas. Lindley was also the sole owner and director of Pilatus Company, Inc., which he ran from the same office on Preston Road. Pilatus was the general partner and managing partner for Goldenlife/ Richardson I, L.P. which Lindley ran out of the Preston Road office.

Lindley represented to investors that the purpose of Goldenlife/Richardson was to build a senior care center, also called a skilled nursing facility, in Richardson, Texas. Acting on behalf of Pilatus, Lindley represented that investor funds would be used to construct the project. He solicited money from investors by sending them a business plan in which he, as the President of Pilatus, proposed to construct the project.

Lindley admitted that from November 15, 2000 to July 25, 2003, he devised a scheme to defraud investors of their money and property by representing to the investors that all the money he solicited would be used to acquire, own, develop, manage, lease, finance and operate, as well as build the project. However, Lindley admits that he converted investor money to his own purpose, among other things, to finance his prosecution of personal injury litigation. The amount of the fraud is approximately $1.5 million.

U. S. Attorney Roper said, “This office will aggressively prosecute individuals who cheat investors regardless of their position or profession. This conviction should remind investors to carefully evaluate investment opportunities prior to participating.”

U.S. Attorney Roper praised the investigative efforts of the U.S. Postal Inspection Service. The case is being prosecuted by Assistant United States Attorney Floyd Clardy.

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