{"id":18607,"date":"2016-05-24T20:35:03","date_gmt":"2016-05-25T03:35:03","guid":{"rendered":"http:\/\/spijue.wpengine.com\/news\/former-municipal-prosecutor-sentenced-for-trust-fund-fraud\/"},"modified":"2016-05-24T20:35:03","modified_gmt":"2016-05-25T03:35:03","slug":"former-municipal-prosecutor-sentenced-for-trust-fund-fraud","status":"publish","type":"post","link":"https:\/\/www.juneauempire.com\/news\/former-municipal-prosecutor-sentenced-for-trust-fund-fraud\/","title":{"rendered":"Former municipal prosecutor sentenced for trust fund fraud"},"content":{"rendered":"<p>ANCHORAGE \u2014 A former Anchorage municipal prosecutor has been sentenced to more than 13 years in prison for a $52 million wire fraud and money laundering scheme.<\/p>\n<p>U.S. District Judge Ralph Beistline also ordered 57-year-old Mark Avery to pay a $100,000 fine and restitution of nearly $46 million to the May Smith Trust.<\/p>\n<p>Avery was a trustee and lawyer for the trust. Prosecutors say he used his influence to access $52 million of trust assets that he spent in six months.<\/p>\n<p>Prosecutors say he pledged trust assets as collateral to secure a $52 million loan that he spent on businesses. Some were created after he obtained trust funds.<\/p>\n<p>Among his purchases were two World War II era fighter aircraft, a 47-foot yacht and a 37-foot heavy-duty patrol boat.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ANCHORAGE \u2014 A former Anchorage municipal prosecutor has been sentenced to more than 13 years in prison for a $52 million wire fraud and money laundering scheme. U.S. District Judge Ralph Beistline also ordered 57-year-old Mark Avery to pay a $100,000 fine and restitution of nearly $46 million to the May Smith Trust. Avery was [&hellip;]<\/p>\n","protected":false},"author":107,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_stopmodifiedupdate":false,"_modified_date":"","wds_primary_category":4,"footnotes":""},"categories":[4],"tags":[230],"yst_prominent_words":[],"class_list":["post-18607","post","type-post","status-publish","format-standard","hentry","category-news","tag-state-news"],"_links":{"self":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts\/18607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/users\/107"}],"replies":[{"embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/comments?post=18607"}],"version-history":[{"count":0,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts\/18607\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/media?parent=18607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/categories?post=18607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/tags?post=18607"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/yst_prominent_words?post=18607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}