Background:
- Attorney required clients in Chapter 11 or Chapter 13 to deposit money with him.
- He represented that the money would be held in trust for use during the bankruptcy; the money was used for other purposes.
- Attorney would take money from clients; tell them that he was working out deals with creditors with the money. Instead he used the funds for his personal use.
- The attorney robbed 48 clients of $3.4 million He would take money that he owed other clients and pass money to them. Sounds like a Ponzi scheme to me.
Court Ruling:
- Court Ordered attorney to pay a total of $4.86 million in restitution which included what the attorney owed to over 60 clients.
- Sentenced to 63 months of imprisonment and three years of supervised release. Attorney resigned from Connecticut Bar voluntarily.
What a shame. He knew what he was doing – just greedy.
