A man who moved into his daughter's college dorm and charmed her schoolmates with stories about his wisdom was convicted Wednesday of charges that he exploited the close-knit group, using threats and violence to enrich himself with millions of dollars.
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Lawrence Ray, 62, was convicted at a trial where weeks of testimony chronicled his psychologically manipulative relationship with young people he met in fall 2010 at Sarah Lawrence College, a small New York liberal arts school. Ray moved into his daughter's dorm after finishing a prison stint for a securities fraud conviction.

Sentencing was set for Sept. 16 on charges including racketeering, conspiracy, forced labor, sex trafficking and obstruction of justice. Ray, who stood with his arms at his side and faced the Manhattan jury as guilty verdicts were returned on 15 counts, could face up to life in prison.

After the verdict was read, Ray was returned to custody, where he had been since his early 2020 arrest.

His lawyers declined comment outside court and did not immediately return email messages seeking comment.

In a statement, U.S. Attorney Damian Williams said Ray had changed "a group of friends who had their whole lives ahead of them."

"For the next decade, he used violence, threats, and psychological abuse to try to control and destroy their lives," Williams said. "He exploited them.