A disbarred Massachusetts lawyer who stole $60,000 from his wife’s nurse and used some of the cash to buy Boston Red Sox season tickets was sentenced to federal prison for defrauding a group of people out of money.
John Silvia Jr., 68, of Somerset was sentenced to serve 57 months by a federal judge in Boston Friday. He will be on supervised release for two years and was ordered to pay more than $300,000 in restitution.
Silvia was convicted on 17 counts of mail, wire and securities fraud during trials in 2016 and 2017. He was also convicted on witness tampering and structuring cash transactions charges.
Authorities said Silvia sold ownership interests in Advanced Space Monitor (ASM), when, in reality, he did not have the right to do so.
He created a fake “Subscription Agreement” that purportedly gave him the right to receive and sell shares in ASM. The U.S. Attorney’s Office said he cut and pasted the signature of the company’s founder on the document as well.
The disbarred lawyer stole more than $300,000 from family members and friends, authorities said.
“One victim was a nurse caring for his wife, whom Silvia convinced to invest $60,000 in a real estate venture and an alleged “performance bond.” In reality, however, Silvia used the money for personal expenses, including to pay for his portion of Red Sox season tickets and an interest in a Marriott timeshare,” authorities said.
Silvia promised the victim the money would be returned with interest, but he had spent the money. Silvia then collected $70,000 and attempted to pay off the victim before she testified against him at trial.
Silvia, who was licensed to practice law in Massachusetts in 1975, has been disbarred since 2003.