MISSOURI
7th Space
KANSAS CITY, MO—David M Ketchmark, Acting United States Attorney for the Western District of Missouri, announced that a Webster Groves, Missouri attorney and clergyman was convicted in federal court today of leading a fraud conspiracy that stole more than $52 million from its victims.
Martin T Sigillito, 63, of Webster Groves, was found guilty of all 20 counts charged in an April 28, 2011, federal indictment. Sigillito was immediately taken into federal custody.
“This massive Ponzi scheme collapsed under its own weight, as such schemes inevitably do, but not before conspirators stole tens of millions of dollars from their unwitting victims in one of the largest fraud schemes in Missouri history,” said Ketchmark. “We are pleased with the jury’s verdict today. Although conspirators squandered most of the ill-gotten gain on their own extravagant lifestyle, we are committed to providing as much restitution as possible to the victim investors.”
Sigillito was found guilty of participating in a conspiracy to commit wire and mail fraud.
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