A former Pierce County resident now living in Colorado pleaded guilty Friday in U.S. District Court in Tacoma to stealing money from an elderly client.
Federal prosecutors said Michael D. Montgomery, 43, took as much as $1 million from the man, who lived in the Tacoma area until his death in 2006.
Montgomery was the man’s financial adviser and later the trustee of his revocable living trust, prosecutors said. In that position, he transferred money between the victim’s Charles Schwab account and bank account, then wrote himself checks, prosecutors said.
Montgomery claimed the money was for services rendered, but never provided the victim’s family with an accounting of those services. He also failed to report the income on his federal tax returns, prosecutors said.
He is to be sentenced in September on one count each of wire fraud and filing a false tax return.
adam.lynn@ thenewstribune.com
JOIN THE DISCUSSION | Register here
We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part — and abiding by these simple rules. A thorough explanation of rules of conduct can be found in our Terms of Service. If you have any questions, including why your comment may not be showing immediately after you submit it, be sure to visit the commenting FAQ.