Ethics
Lawyer who stole greater than $1M from his regulation agency will get disbarred
A lawyer accused of utilizing his regulation agency as “a private gold mine” has been disbarred after he admitted stealing greater than $1 million from the entity. (Picture from Shutterstock)
A lawyer accused of utilizing his regulation agency as “a private gold mine” has been disbarred after he admitted stealing greater than $1 million from the entity.
The Appellate Division’s First Judicial Division of the New York Supreme Courtroom disbarred lawyer Arthur G. Cohen in a March 26 opinion famous by the Legal Profession Blog.
Law360 has protection.
Cohen pleaded responsible in September 2023 to grand larceny, tax fraud and perjury. In keeping with the New York appeals court docket, the conviction stemmed from Cohen’s admission that he stole greater than $1 million over six years from his agency, didn’t declare the revenue on his tax returns, and falsely claimed in a lawsuit that he had been wrongly accused.
Cohen’s agency was the now-defunct Gordon & Silber, in response to earlier protection by Reuters.
Manhattan District Legal professional Alvin Bragg had claimed that Cohen used his place as a senior fairness companion and treasurer to show his agency into “a private gold mine.”
When he pleaded responsible, Cohen admitted stealing about $1.2 million from the agency between January 2014 and February 2020, in response to a September press release by the district lawyer’s workplace. He directed the agency to pay the bank cards for him and his household, charged private bills to agency bank cards and overpaid himself in 2019, in response to the press launch.
He allegedly used agency cash to pay for luxurious lodge stays, to purchase a $40,000 diamond-encrusted Cartier watch, and to purchase a $57,000 diamond ring.
Cohen was sentenced in October to 2.5 to 7.5 years in jail.
