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Indiana lawyer charged with fraud in alleged investment scheme

December 13, 2018

A lawyer who formerly worked in northern Indiana and already was ordered to repay more than $2.5 million to clients now is facing criminal charges.

Federal prosecutors say 61-year-old Sven Eric Marshall, formerly of South Bend, is facing five counts of mail fraud. U.S. attorney Thomas Kirsch said in a statement Marshall ran an “elder abuse scam” through an investment company named Trust & Advisory Services of Indiana Inc.

The U.S. Attorney’s Office said Thursday that Marshall is at large. The South Bend Tribune reports he didn’t respond to earlier civil legal proceedings.

Prosecutors say that starting in 1998, Marshall recruited elderly investors and promised returns of about 4 to 8 percent annually, but the company’s account was nearly empty by 2016. He allegedly stopped communicating with investors and closed his office.

Sven has been suspended from the practice of law in Indiana since May 2017, when he was initially suspended for noncooperation with an Indiana Supreme Court Disciplinary Commission investigation. His discipline was then converted into an indefinite suspension the following October.

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