Prior to her sentencing, Danielle Henderson, 34, told the court she “didn’t raise my animals to be that way.” Credit: Shutterstock / Roman Motizov

Disgraced San Antonio estate attorney Chris Pettit pleaded guilty to six felony charges on Thursday, according to Justice Department officials.

Pettit allegedly defrauded wealthy clients, most of whom were elderly. Instead of investing his clients’ funds in financial products, including high-yield bonds, as promised, he instead wired these funds to his personal bank accounts to enrich himself, authorities claim.

“Pettit would use his victimized clients’ funds to pay other client debts as well as to support an extravagant lifestyle,” according to a Justice Department statement. “The scheme resulted in an estimated loss to the victims of between $20 million and $65 million.”

The disbarred attorney pleaded guilty to six felony charges, including three felony counts of wire fraud and three felony counts of money laundering. Pettit is set to be sentenced on Jan. 11, 2024. He faces anywhere between two and 20 years in prison.

Subscribe to SA Current newsletters.

Follow us: Apple News | Google News | NewsBreak | Reddit | Instagram | Facebook | Twitter| Or sign up for our RSS Feed

Related Stories

This article appears in Oct 4-17, 2023.

Michael Karlis is a multimedia journalist at the San Antonio Current, whose coverage in print and on social media focuses on local and state politics. He is a graduate of American University in Washington,...