INDIANAPOLIS - Two Indianapolis attorneys face charges in unrelated cases involving misappropriation of client estate funds and failure to file Indiana income tax returns.
The Marion County Prosecutor's Office said Friday that David F. Rees was charged with theft of funds held in an estate that he was charged with managing. He also faces an obstruction of justice charge.
According to a probable cause affidavit, Rees put together the will and was executor of the estate of client Benjamin Roberts.
"Eight years after the client's death, a total of approximately $400,000 was unaccounted for out of the estate," read part of a release from prosecutors. "Rees has acknowledged diverting $270,549 of the estate funds to his personal account."
Prosecutors said Rees claimed in a final accounting of the estate that the missing funds were still in the estate.
Rees agreed to plead guilty on both counts, authorities said. He faces a maximum eight-year sentence, along with $20,000 in fines and paying back the $270,000.
Steven B. Geller was charged in an unrelated case with five counts of tax evasion. Prosecutors said he failed to file tax returns from 2007 to 2011. He was arrested earlier this week.