BOWLING GREEN, Ky. (WBKO) – A Greensburg attorney appeared in federal court Tuesday after being charged by federal grand jury indictment with multiple counts of wire fraud on November 15.
Danny P. Butler, of Campbellsville, was charged as part of a scheme to obtain money from clients of his legal practice in order to pay gambling losses exceeding $1.6 million.
The indictment alleges from about August of 2009 through October of 2016, Butler used seven bank bank accounts to routinely commingle client funds, and often to misappropriate funds from one client to distribute funds to other, unrelated clients.
Butler also allegedly used client funds from the bank accounts to make cash withdrawals and pay personal expenses, in addition transferring client funds from business bank accounts to his personal accounts.
From 2009 through 2015, Butler had gambling losses totaling $1,648,613 that he allegedly paid for, in large part, by the misappropriation of funds from eleven clients.
If convicted at trial, Butler could be sentenced to no more than 20 years in prison, fined $250,000, and be required to serve a three year period of supervised release.