William Gallagher, 70, of Memorial Drive in Asbury Park, was indicted by a Monmouth County Grand Jury for Theft of second degree Failure to Make Require Disposition and third degree Misapplication of Entrusted Funds, according to an announcement by Monmouth County Prosecutor Christopher J. Gramiccioni.
Gallagher, an attorney since 1968, was the long term Borough Attorney of Lake Como until he was was suspended from practicing law in New Jersey in January of 2015. His indictment follows a 19 month investigation that found he stole from three clients in 2013 and 2014 by transferring the proceeds of civil settlements into his own account and not paying his clients the settlements they were due. He is charged with stealing $71,615.69.
The investigation was sparked by a complaint from a victim who did not receive $23,037.35 she was owed from a civil settlement related to a premises liability action.Art Gallagher | Filed under: Monmouth County News | Tags: Asbury Park, Bill Gallagher, Bob Ingle and Sandy McClure, Lake Como, Monmouth County News, Monmouth County Prosecutor Christopher J. Gramiccioni, The Soprano State, William B. Gallagher Jr, William Gallagher | Comments Off on Asbury Park Attorney Indicted For Theft Of Over $70K