Former Richmond, Va., attorney and bankruptcy trustee Bruce Matson will see an early end to his stint in federal prison, Richmond BizSense reported. Sentenced in late 2021 to 44 months related to his theft of millions of dollars from the LandAmerica bankruptcy estate he was entrusted to oversee, Matson is now set to be released from federal custody on Sept. 16 of this year, according to records from the Federal Bureau of Prisons (BOP). His expected release four months from now means that he will have cut his sentence nearly in half. Matson spent the bulk of his career with LeClairRyan, during which time he served as trustee of LandAmerica Financial Group. Matson brought the case to a seemingly successful conclusion, recovering billions of dollars for LandAmerica’s creditors. He closed the case in 2015, leaving only a wind-down budget of around $3 million that was supposed to be held in a trust account through 2021. However, during the course of the LeClairRyan bankruptcy process, that account was discovered to have been emptied. Matson eventually admitted that he removed the funds and attempted to justify his actions.
