COLUMBIA, SC (WIS) - A South Carolina attorney accused of extorting $1 million from his clients has pleaded guilty to mail fraud. It was one of ten federal charges he faced.
Richard Breibart pleaded guilty to mail fraud in federal court Wednesday.
Breibart was scheduled for trial later this summer on charges of extortion, mail fraud and wire fraud. He faces up to 20 years in prison and $250,000 in fines, but prosecutors have agreed to recommend a lower sentence. He is expected to serve to 5-6 years.
Indictments list three people who allegedly cleaned out bank accounts, investments and retirement savings to give to Breibart.
Prosecutors say he got money from clients by threatening them with criminal charges or non-existent civil penalties.
Federal prosecutors say Breibart was "Robbing Peter to pay Paul."