July 3, 2018

New York announced the grand jury indictment of financial advisor and lawyer Thomas Lagan for a scheme in which he and former Town of Guilderland Judge Richard Sherwood plundered over $9 million from family trusts they were responsible for overseeing. As detailed in the complaint, Lagan and Sherwood have provided estate planning and related legal and financial services to Capital Region philanthropists Warren and Pauline Bruggeman and Pauline Bruggeman’s sister, Anne Urban, since at least 2006. The Bruggemans each created a revocable trust, which contained sub-trusts designed to provide for Anne Urban and Pauline’s other sister, Julia Rentz. Other funds were to be awarded to Anne Urban and Julia Rentz outright upon the deaths of the Bruggemans. NY