Home Scam/Fraud 2 Veteran South Florida Lawyers Sentenced for Financial Fraud

2 Veteran South Florida Lawyers Sentenced for Financial Fraud

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What You Need to Know

  • The fraud affected more than 3,600 investors in 42 states, prosecutors say.
  • The company at the center of the fraud, 1 Global, was a commercial lending business offering payday loans.
  • According to court documents, Ledbetter allegedly has fraudulently collected more than $100 million from investors since 2015.

Two South Florida securities lawyers and the former chief operating officer of 1 Global Capital LLC were sentenced for their roles in a sprawling fraud that prosecutors say affected more than 3,600 investors in 42 states.

One of the sentenced attorneys is Andrew Dale Ledbetter, 79, of Fort Lauderdale, who was also of counsel at 1 Global. He pleaded guilty to a single-count information, charging him with conspiracy to commit wire fraud and securities fraud. U.S. District Judge Roy K. Altman sentenced him Friday to 60 months in prison.

The second lawyer, Jan Douglas Atlas, 76, of Fort…

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