Besides receiving the prison sentence, LaVigne was ordered to pay his victims more than $3.6 million in restitution.He sentence stemmed from charges of bankruptcy fraud, mail fraud, and money laundering. The money was stolen through a failed scheme to use investors’ money to purchase sports and entertainment memorabilia for resale. 

During years-long bankruptcy proceedings, the CPA claimed his only asset was his home and returned no money to his investors. However, when he pleaded guilty, LaVigne admitted using his CPA practice’s bank accounts to conceal between $3.5 million and $9.5 million in assets from the U.S. Bankruptcy Court and the Office of the Untied States Trustee.

He deposited funds unrelated to his practice into its accounts and used that money for himself and his family, including buying himself sports memorabilia and writing checks to himself totaling tens of thousands of dollars that were never disclosed in his bankruptcy proceedings.

He also admitted that between 2014 and 2016, he persuaded an elderly client to pay $3.6 million for shares of a company that LaVigne created, which LaVigne claimed would develop a piece of waterfront property on Pier Road in Ithaca. After selling her 90 percent of the company, he secured another $1 million from her. Again, he launded the money through his firm's bank accounts. Instead of developing the site, LaVigne again used the client’s money, writing checks for himself, paying for the construction of a house for a family member, and funding payroll for his CPA practice.