SAN DIEGO—A woman appointed by a San Diego probate court to oversee estates and conservatorships has been sentenced to 18 months in prison for stealing some of those funds to support a gambling addiction.
The San Diego Union Tribune (http://bit.ly/oJhhta) reports private fiduciary Teresa Laggner was sentenced Monday. Laggner pleaded guilty earlier this year to wire fraud and money laundering.
Federal prosecutors say Laggner drained hundreds of thousands of dollars from client trust accounts. Laggner used the money to feed a gambling habit that ate up more than $1 million in losses over the past four years.
Laggner was given the authority to open bank accounts for the trust assets under her management. She was overseeing $20 million in assets last year.