A former prominent construction and accident attorney in Indianapolis pleaded guilty last week to federal wire fraud charges before United States District Judge Richard Young. William Conour, 66, has been in Marion County jail since June 27 when it was determined that he violated terms of his bond by selling and divesting assets that bad been targeted to help repay his victims.
Conour admitted on Monday in United States district court to misusing client funds for his own personal and business needs. Prosecutors allege that he diverted over $4.5 million from at least 25 clients, including widows, orphans, and victims with long term medical care needs.
It is being reported that Indiana University officials seek to remove William Conour’s name from the atrium at the McKinney School of Law in Indianapolis. The recommendation to strip his name will come up at the next meeting of the school’s board of trustee in early August.
The university also plans to return a $450,000 donation he made to the victims of his wire fraud scheme.
He faces a up to 20 years in prison and a $250,000 fine when he is sentenced on October 17th. He will also likely be ordered to pay restitution although the victims currently do not have a set amount that they want back.