CONCORD — 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, 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.
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