California heirs and beneficiaries expect that trustees, estate representatives and
executors will act as good and prudent fiduciaries.
When these fiduciaries fail and take money belonging to trust beneficiaries, they may
be subject to civil and even criminal penalties.
There are several cases in point.
A Sacramento woman was indicted by a federal grand jury in April 2018 for mail fraud, wire
fraud and money laundering (U.S. v. Stewart-Cabrera, United States District Court, E.D.
California, Case No. 2:18-CR-0085 KJM).
The woman, a professional fiduciary, served as the trustee of a trust that owned Sacramento
property.
The U.S. Attorney's news release indicates that Loretta Darlene Stewart-Cabrera, the
trustee, carried out a scheme in which she sold property for $300,000, gave the trust
beneficiaries $30,000 and spent the rest.
She used some of the trust proceeds for a Las Vegas gambling trip.
Her case is still ongoing.
A San Diego probate trustee, Teresa Laggner, was sentenced to 18 months in prison for draining
hundreds of thousands of dollars from client trust accounts.
The money was used by her for gambling at local casinos – a habit that resulted in
more than $1 million in losses over a four-year period.
At one time Ms. Laggner was overseeing over $20 million in assets.
While a trustee's wrongdoing by be suspected, it may take a fair amount of litigation discovery
and forensic analysis to gather supporting evidence.
Most victims are in disbelief, questioning why and how a trustee would commit such wrongdoing
– wrongdoing that may also be a crime.
It seems to be the classic "breaking bad" – to "defy authority" and break the
law.
At Hackard Law we take significant cases where we think that we may make a significant difference
and there is a wrongdoer who can be made financially accountable for their wrongdoing.
We represent beneficiaries from California, other states and even countries, in estate,
trust and elder financial abuse litigation cases that are in California courts.
We often protect client interests in California's major urban courts including Los Angeles,
San Diego, Alameda, Santa Clara, Sacramento and Contra Costa counties.
If you would like to speak with us about your case, call us at 916 313-3030.



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