Owusu Sekyere, a senior attorney and Albert Coleman are alleged to have collected the amount from one Ato Hamilton under the pretext of providing him with a parcel of land at Cantonments in Accra but failed to do so.
Sekyere was also expected in the transaction to do due diligence in connection with the said land.
Sekyere and Coleman collected the money three years ago and the matter which commenced on November 15, 2015 in the circuit court has dragged on.
The court presided over by Mrs Malike Wornya Dey found the accused guilty of the offence of defrauding by false pretenses and convicted them.
The accused have been remanded awaiting sentencing.