LAS VEGAS (KLAS) — A lawyer who ran a half-billion-dollar Ponzi scheme to fund his lavish lifestyle and pay off his gambling debt is expected to plead guilty, the 8 News Now Investigators have learned.
Matthew Beasley agreed to plead guilty to five counts of wire fraud, documents said. A federal grand jury voted to indict him in 2023.
The maximum possible sentence Beasley faces is 100 years in prison, plus a fine of $1.25 million and supervised release. As part of the agreement, federal prosecutors will suggest a lesser penalty than statutorily required, documents said…