Aug 1, 2013 12:04 PM
Alfred W. Driscol III pleaded no contest today to charges of stealing over $80,000 from an elderly couple and lying to another client.
Driscol pleaded no contest today to charges of stealing money from an elderly couple and lying to another client. The charges were brought after a joint investigation by the Butte County District Attorney’s Office and the California State Bar.
The 65-year-old attorney was charged with theft of an elderly couple and making a false financial statements, both of which are felonies. He entered his plea in a Butte County Superior Court, and his sentencing is scheduled for November 1.
According to the DA’s office, Driscol stole an estimated $80,000 from a local elderly couple who placed the money in Driscol’s client trust account. The investigation found that Driscol agreed on October of 2008 to keep almost $100,000 in the trust for the couple. The couple reportedly received some of the original total back, but over $87,000 was never returned. The couple was unaware of the theft until Dricol wrote a letter to the couple in August 2012 where the DA reports Driscol admitted the money was gone and he would not be able to repay it.
Another client reportedly claims he loaned the attorney money based on a falsified financial document. That client loaned Driscol about $40,000 secured in stock shares in a business Driscol owned. Driscol defaulted on that loan after only repaying $7,000 of the original sum, according to the DA’s press release. The client tried to regain the values of the shares, only to discover the security document issued to him by Driscol was “worthless”.
District Attorney Mike Ramsey said Driscol has practiced law in the area since 1974. His law license was ordered inactive by the State Bar in March of this year. He now faces over four years of imprisonment in the Butte County Jail.