62 YEAR OLD PAUL DONISTHORPE OF BLOOMFIELD PLED GUILTY TO FRAUD AND MONEY LAUNDERING CHARGES IN FEDERAL COURT THIS(MON) MORNING. IRS SPECIAL AGENT CLEMENT ROGERS SAYS DONISTHORPE RAN DESERT STATE LIFE MANAGEMENT, A COMPANY THAT HANDLED TRUST ACCOUNTS FOR SPECIAL NEEDS CLIENTS. HE SAYS BETWEEN 2009 AND 2016 DONISTHORPE ILLEGALLY MOVED CLIENT MONEY TO ACCOUNTS HE CONTROLLED.
UNDER THE TERMS OF HIS PLEA AGREEMENT, DONISTHORPE COULD GO TO PRISON FOR 8 TO TWELVE YEARS AND PAY OVER 4-POINT-8 MILLION DOLLARS IN RESTITUTION. NO SENTENCING DATE HAS BEEN SET.
