According to the U.S. District Attorney Office’s blog, Newton psychologist Eric Brown, 76, has agreed to plead guilty to wire fraud and engaging in an unlawful money transaction.
The blog article says that Brown served as trustee for one of his patients. The trust held approximately $700,000.
According to the post,
Brown allegedly fell victim to an online investment confidence scam. At the direction of a scammer pretending to be in an online relationship with him, Brown allegedly depleted the trust without telling the victim why, to invest $600,000 of the victim’s money overseas.
His plea hearing will take place at a later date.
He could receive up to 20 years in federal prison along with hefty fines.