Former Stamford Attorney Sentenced to Prison for Stealing More Than $700K from Clients

On Wednesday the US Attorney for the District of CT, Vanessa Roberts Avery, announced that William McCullough, 63, of Westerly, RI, was sentenced to 12 months and one day of imprisonment, followed by three years of supervised release, for stealing more than $700,000 from clients of his law practice.

According to court documents and statements made in court today, prior to his resignation from the Connecticut bar in March 2019, McCullough operated a law practice in Stamford for several years.

As part of his practice, McCullough worked on real estate transactions for clients.  In that capacity, McCullough received funds from clients and knew he was required to deposit those funds in an Interest on Lawyers’ Trust Account (“IOLTA Account”) and use them in accordance with his duties to each client.

In March 2018, the Connecticut Statewide Grievance Committee audited McCullough’s IOLTA Account and found that he had failed to maintain required documents for several years.

The audit revealed that more than $1.27 million was due to clients, but the IOLTA Account held less than $600,000.

A subsequent criminal investigation revealed that McCullough defrauded clients by using funds in his IOLTA Account to cover funds owed to others, and for his own use.

McCullough made false representations to clients, including providing a false and inaccurate closing statement to at least one individual, to prevent the scheme from being uncovered.

McCullough’s clients lost approximately $720,851.05 through this scheme.  A judge ordered him to pay full restitution.

On November 22, 2022, McCullough pleaded guilty to one count of wire fraud.

McCullough, who is released on bond, is required to report to prison on January 8.

This matter was investigated by the U.S. Secret Service and the Wallingford Police Department.  The case was prosecuted by Assistant U.S. Attorney Ross Weingarten.