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Ex-lawyer gets prison time for robbing Wales bank

Waukesha – A former Summit lawyer was sentenced this afternoon to five years in prison for robbing a Wales bank last summer.

Peter T. Elliott, 63, who stole nearly $10,000 from Town Bank, 200 Summit Ave., on June 12, 2010, was also ordered to five years of extended supervision by Waukesha County Circuit Court Judge James Kieffer.

At the time of the robbery, Elliott was awaiting sentencing in federal court in Milwaukee for committing bank fraud.

Elliott was a practicing lawyer from June 1974 through October 2008 and in connection with his law practice maintained a trust account. Elliott diverted $3.6 million in funds from the account for his personal use, according to a federal criminal complaint.

Elliott was sentenced Nov. 4 in federal court to 10 years in prison to be followed by five years of supervision. He will be eligible for parole in 8.8 years. Today’s sentence will run concurrent to the federal sentence, meaning he will be about 76 years old when he gets out of prison.

Two years before the bank robbery Elliott lost his law license but continued to pretend he was working, Kieffer noted. Rather than turning to family and friends, Kieffer told Elliott that he tried "to maintain a lifestyle for you and your family" and that ultimately led to his robbing the bank.

Elliott was arrested July 22, 2010, one year to the day he was sentenced, in a parking lot near Kettle Moraine High School. Elliott admitted to authorities he was contemplating robbing the bank a second time. Elliott was arrested by a Waukesha County Sheriff’s Department deputy after police received a report that a parked vehicle matched the description of the vehicle suspected in the bank robbery.

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