A Kentucky attorney who was disbarred after being accused of misappropriating more than $400,000 from a client’s assets has pleaded guilty in federal court.
Brian Allen Logan, 50, of Frankfort, pleaded guilty Wednesday to wire fraud, bank fraud, identity theft and money laundering.
Logan prepared a will in 2018 for a client who died recently. Federal court records did not identify the buyer, but state court records say it was Jack Arnold Estes.
Logan placed a $425,000 valuation on the Estes estate, which included cash and property.
Estes’ directed that most of the money go to various charities, including charities in Franklin and Woodford counties, the American Cancer Society, the American Cancer Society and others.
But on 51 occasions between October 218 and August 2023, Logan transferred a total of $239,000 from Estes’s estate to her accounts, and used the money for her own benefit, according to her plea.
A will signed by Estes directed that a piece of property in Frankfort be sold and the proceeds put into his estate to give to charities, but Logan took rent on it for several years, putting some of the money into Estes’s estate account and the rest into his own account. your accounts, the solicitation agreement says.
Logan created false documents to show, falsely, that the property had sold the property to a third party who then sold it to the company Logan had developed.
Logan then applied for a $116,000 loan on the property, using a false deed to show ownership and fraudulent rent, according to his application.
Logan used the loan money to get help, the petition says.
A petition filed in February 2024 seeking to have Logan’s law license suspended said he “misappropriated” $416,475 from Estes’ estate over five years, according to the Kentucky Supreme Court.
Logan later returned $75,000 to the estate.
Logan asked to resign from law enforcement under the terms of permanent disbarment. The Supreme Court approved that in October.
Logan faces up to 30 years in prison, according to a new release from the US Department of Justice, although his sentence could be reduced under the recommendations.
U.S. District Judge Gregory F. Van Tatenhove scheduled Logan’s trial in March.