Cooperstown Man Sentenced In Embezzlement Plea Deal

The Cooperstown man taking a plea deal on federal money laundering and tax charges will be in jail for six-and a half years and responsible for restitution. According to the United States Attorney's Office Northern District of New York,  60-year-old Thomas Lagan admitted conspiring with another individual to take nearly $12 million from three estates for which he served as a fiduciary. Lagan’s sentence also calls for paying more than $7.7 million in restitution. He is already serving a 4-to-12 year sentence on charges brought in Albany County Court. The sentences will run concurrently.