Corvallis lawyer sentenced for money laundering, tax evasion in real estate investment scheme
Aformer Corvallis attorney was sentenced in federal court Wednesday to three years in prison for defrauding his clients and being part of a real estate investment scheme.
Ronald Dean Lords, 53, pleaded guilty in July to one count each of wire fraud, money laundering and filing false returns.
He was given 36 months in federal prison for each count, to be served simultaneously. He was also given three years of supervised release for the first two indictments and one year of supervised release for filing false returns. Those will run at the same time.
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Lords defrauded several victims by convincing them to invest their money in his construction company, Eagles Landing Construction, from June 2011 to September 2018 in Ravalli County, federal court documents said. Lords told them he would make monthly interest payments, use their money to build homes and repay them after the newly built homes were sold.
Read more: https://ravallirepublic.com/news/state-and-regional/corvallis-lawyer-sentenced-for-money-laundering-tax-evasion-in-real-estate-investment-scheme/article_df43412c-7d4b-52e6-a220-3ac9b2b25e4b.html
