Lagan Pleads Guilty In Federal Money Laundering Case

A Cooperstown man facing federal money laundering and tax charges takes a plea deal. According to the U.S. Attorney's General's office, 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 faces up to 20 years in prison, a maximum fine of $250,000, and up to 3 years of post-imprisonment supervised release when he is sentenced on December 12. He had already pleaded guilty to state charges.

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