Cleveland, OH - A Cuyahoga County woman was sentenced Thursday for stealing invested funds from an elderly Ohio couple.
In a hearing held by Cuyahoga County Judge Joseph Russo, 56-year-old Judith Nagy pleaded guilty to one count of grand theft and one count of money laundering, both third-degree felonies.
Nagy is currently serving a 72-month sentence, with two years remaining, for theft in the Ohio Reformatory for Women for an unrelated case from 2017. Instead of adding additional prison time, Judge Russo fined her $10,000 for each count and ordered her to pay restitution of $20,426.21 to the victims. Once released from prison, Nagy will be under community control for two years. If she violates any conditions of community control, she could go back to prison for up to 36 months.
Nagy was indicted in August 2017 by a Cuyahoga County grand jury following a criminal referral by the Ohio Department of Commerce’s Division of Securities. She was previously licensed as an investment advisor by the Division of Securities and licensed to sell insurance by the Ohio Department of Insurance. Nagy voluntarily terminated her securities salesperson license in 2012. The Department of Insurance revoked her license in 2015.
Photo courtesy of Cleveland Division of Police
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