Bank fraud charges filed against lawyer

A Milwaukee-area lawyer has been charged in federal court with bilking millions from an account that was to be held in trust for clients, according to court documents.In the late 1990s, Elliott began to occasionally use the trust account for personal purposes, the document says. Over 10 years, Elliott diverted about $2.5 million out of the trust funds for himself, according to the document, which does not say how the money was spent. To cover his withdrawals, Elliott operated a "check-kiting scheme" in which he would write checks from his personal Wells Fargo account and deposit them into the trust account at Associated Bank, the document says. Posted in: Check Fraud