Las Vegas lawyer indicted in $460M ‘slip-and-fall’ scheme

ATTORNEY

LAS VEGAS (AP) — A longtime Las Vegas attorney was indicted Wednesday on federal charges that he orchestrated a $460 million Ponzi scheme spanning multiple states, from Nevada and Utah to California and Arizona.

The eight-count indictment accusing Matthew Wade Beasley of wire fraud and money laundering comes almost one year to the day after the personal injury attorney was shot and wounded by FBI agents at his $1.1 million home in Las Vegas, leading to a four-hour standoff that ended with his arrest. He was charged with assault on a federal officer.

Beasley has been in federal custody since the standoff — during which prosecutors have said the lawyer, then 49, “repeatedly confessed” to his involvement in the investment scheme while on the phone with a negotiator. Beasley remained in the house until FBI SWAT agents entered.

Jacqueline Tirinnanzi, Beasley’s attorney, declined to comment. Beasley has not yet entered a plea in the case.

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