Ex-Indianapolis lawyer Conour gets 10 years in fraud case
An Indianapolis judge has sentenced a former attorney to 10 years in prison for defrauding clients of $4.5 million in hopes the defendant will live long enough to repay his victims.
William Conour pleaded guilty in July to defrauding clients - who included his daughter - over the past decade. He faced up to 20 years in prison.
Conour was ordered to pay over $6.7 million in restitution to his victims.
Conour apologized to his family, clients and other attorneys in court Thursday.
His plea prompted Indiana University to announce it would remove Conour's name from the atrium at the McKinney School of Law in Indianapolis and give a $450,000 donation he made to the school to his victims.
Conour's bond was revoked in June after a court finding that Conour had breached the conditions of his bond when he dissipated assets without prior consent by the government.
According to court documents and statements made in court, from 1999 and continuing through April 2012, Conour kept a majority of his clients' settlement proceeds for his own use and benefit. Most of Conour's law practice was devoted to representing clients who had suffered serious injuries or death caused by construction site accidents, automobile collisions, and accidents resulting in traumatic brain injury.
Instead of depositing the full amount of client settlements into client 'trust' accounts, Conour provided funds only sufficient to enable the client to receive monthly payments for a year. He also used newly obtained settlement funds to pay old settlements and debts.