Indiana Supreme Court gives convicted attorney third suspension

The South Bend attorney who was sentenced to more than 10 years in federal prison for defrauding investors has been suspended again from the practice of law in Indiana.

In an order issued Sept. 1 in the case of In the Matter of: Sven Eric Marshall, 22S-DI-235, the Indiana Supreme Court suspended Sven Eric Marshall following the Indiana Supreme Court Disciplinary Commission’s request that the justices prohibit the attorney from practicing law. The commission filed a “Notice of Finding of Guilt and Request for Suspension” because Marshall had been found guilty of mail fraud, securities fraud and bank fraud.

Marshall, 65, was already suspended for failing to cooperate in a 2017 disciplinary case, In the Matter of: Sven E. Marshall, 71S00-1703-DI-143, and for noncompliance with continuing legal education requirements.

Charged in 2018, Marshall was accused of running what then-U.S. Attorney for the Northern District of Indiana Thomas Kirsch called an “elder abuse scam.”

Through the investment company Trust & Advisory Services of Indiana Inc., Marshall started recruiting elderly investors in 1998. According to federal prosecutors, he promised the senior citizens returns on their investments between 4% and 8% annually, but in 2016, the company’s account was nearly empty.

Before being charged, Marshall had been ordered to pay more than $2.5 million to his clients.

The South Bend attorney then fled but was arrested in January 2019 in Florida.

According to the federal Bureau of Prisons website, Marshall is incarcerated at the medium security federal correctional institution in Butner, North Carolina.

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