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An attorney accused of lying to obtain millions of dollars in loans has been convicted of bank fraud and other charges in New Hampshire.
Joseph Foistner, 67, of Mont Vernon, New Hampshire, was a licensed attorney in Massachusetts when he used fraudulent means to apply for over $8 million in loans and laundered money between 2015 and 2018, the U.S. Attorney’s office said Monday. According to prosecutors, he submitted misleading documents suggesting he was operating a lucrative international firm when he actually had neither paying clients nor income.
Foistner was convicted Thursday of bank fraud, wire fraud, money laundering, and making misrepresentations during bankruptcy proceedings.
A phone number for Foistner was disconnected. He will be sentenced in April.
