The government says Terrance Cosgrove’s crimes, which included bilking the widow and children of his best friend out of the money left to support them, were “diabolical.”
A man who lived a life of luxury in Seattle and Sonoma, California, on millions stolen from trusting friends and partners — then raised money from good Samaritans to pay for a new liver — will be sentenced Tuesday in U.S. District Court after pleading guilty to mail and wire fraud.
Even though he is ailing and 67 years old, prosecutors say Terrance Cosgrove’s crimes, which included bilking the widow and children of his best friend out of the money left to support them, were “diabolical” and the government is seeking a seven-year prison term and nearly $3 million in restitution.
Cosgrove is citing his poor health in asking U.S. District Judge John Coughenour to forgo prison and impose probation and community service.
According to court documents, Cosgrove suffers from skin cancer, diabetes, heart disease and nearly died from “alcohol-induced, end-stage liver disease” before he received a transplant in September 2015.
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That was two months after he was charged and agreed to plead guilty to one count of mail fraud and two counts of wire fraud, each representing a separate scheme to steal from someone close.
In August, Cosgrove and his family began raising donations to help offset the costs of Cosgrove’s transplant on a “compassionate crowdfunding” website.
Cosgrove was a respected businessman and trusted by friends and his business partner for his acumen. He was named administrator of the trusts he later stole from for that reason, according to prosecutors.
Business partners and the families of longtime friends were Cosgrove’s targets, prosecutors say. He stole millions from his partners in a fishing company and at least $335,000 — and maybe much more — from the widow…