The owners of five Liechtenstein-based trusts have sued a New York lawyer with 60 years’ experience in international estate planning, alleging he “shamelessly looted” more than $15 million from the clients for longer than a decade.
Winthrop Munyan, most recently associated with a small Rye, N.Y.-based trusts and estates firm, Riad & Associates, was accused of fraud, unjust enrichment, conversion and breach of fiduciary duty in a state court suit filed on April 9. It alleged he embezzled millions of dollars from the offshore companies between 1997 and 2007.
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