Newton psychologist to plead guilty to fraud, money laundering, allegedly fell victim to scam

Eric Brown, a 76-year-old psychologist from Newton, will plead guilty to charges of wire fraud and money laundering after allegedly defrauding a psychotherapy patient and a family member out of nearly $1 million. The U. S. Attorney's Office stated that Brown mismanaged $700,000 from a patient’s settlement following a drunk driving accident, using the funds for unauthorized overseas investments. He also deceived a relative into lending him $310,000 for supposed improvements to a commercial property while concealing his financial mismanagement and a scam that exploited him.

The charges against Brown include two counts of wire fraud and one count of engaging in an unlawful money transaction. If convicted, he could face up to 30 years in prison, along with heavy fines, reflecting the serious nature of the financial crimes. This case highlights the critical importance of fiduciary responsibility, particularly in mental health and family relationships. Brown's plea hearing is pending, and the legal proceedings will determine the full extent of his penalties. The outcome may serve as a cautionary tale for other professionals in similar positions.