Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Monday, November 13, 2017

Charlottesville Businessman Gets 7 Years for Defrauding Best Friend’s Widow out of $3.2 Million

442311-mad-dog-mccree-windows-screenshot-the-sheriff-in-his-own-jailA judge sentenced Victor M. Dandridge III, 53, to 7 years in prison last Thursday. Dandridge was accused of defrauding his best friend’s widow out of $3.2 million. After his best friend, Carr Lanier “Trey” Kinder III, passed away in 2005, Dandridge offered Lynne Kinder his services in handling the estate and managing her finances. Instead of prudently investing Kinder’s assets, Dandridge placed money in his own failing business ventures. Though he claimed he always intended to pay the widow back, the judge was not buying any of it: “You just continued to lie to her repeatedly,” the judge criticized as he pointed out that Dandridge had also stolen money from his fraternity and his bank.

See Frank Green, Charlottesville Businessman Gets 7 Years for Defrauding Best Friend’s Widow out of $3.2 Million, Richmond Times-Dispatch, November 9, 2017.

Special thanks to Deborah G. Matthews for bringing this article to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2017/11/charlottesville-businessman-gets-7-years-for-defrauding-best-friends-widow-out-of-32-million.html

Current Events, Estate Administration, Estate Planning - Generally, Professional Responsibility, Trusts | Permalink

Comments

Post a comment