A Norfolk federal jury found former lawyer Troy A. Titus guilty on 33 felony counts of wire and mail fraud, money laundering and conspiracy for a $2 million Ponzi scheme involving real estate.
According to The Virginian-Pilot, Titus faces a maximum of 20 years in prison after this morning’s verdict. U.S. District Judge Raymond A. Jackson, who presided at the trial, set sentencing for April 15.
Norfolk lawyer Andrew Sacks, who represented Titus, told the Pilot that they will appeal.
– Paul Fletcher