A lawsuit blames the New York-based law firm Pryor Cashman for failing to provide legal advice that may have prevented the embezzlement of $42 million from union benefit funds by a woman who loved expensive horses and Neiman Marcus.Trustees for three Construction Workers Local 147 funds allege the law firm should have recommended an audit and ensured proper bookkeeping in its role as counsel to the trustees and benefit funds, the New York Law Journal reports. They are seeking $42 million and punitive damages.The suit (PDF posted by Courthouse News Service) says Pryor Cashman charged fees ranging from $607 to $768 an hour for its advice, earning nearly $176,917 in 2008, Courthouse News Service reports.The administrator, Melissa King, had lavish tastes, the New York Times reported in January.She is accused of spending $3 million of embezzled money on “equestrian-related expenses,” $7.3 million for American Express bills, more than $700,000 for jewelry and more than $300,000 … [Read more...] about Suit Blames Pryor Cashman for Failing to Prevent $42M Fund Embezzlement
A paralegal, office manager and secretary for a small San Francisco-area law firm has admitted embezzling more than $327,000 by secretly settling client claims and stealing the proceeds, as well as retainer payments, over a five-year period.Ana Lissa Reyes also signed up clients without the firm’s knowledge, and established a separate company, LIncoln Litigation, to help conceal her activities at the Law Offices of Brian Ching, according to the Bay Area News Group and the Castro Valley Patch.She pleaded guilty to mail fraud and tax evasion in federal court in Oakland, Calif., and is scheduled to be sentenced in October.Reyes, who is also known as Lizzette Reyes, had worked at the firm since 1995. She was fired in June 2011 when her activities were discovered, says a federal criminal complaint filed against her last year.Ching was disbarred in 2012 for allowing unauthorized settlements in three personal injury cases and failing to prevent the embezzlement of almost $50,000 in a … [Read more...] about Paralegal admits embezzling $327K, secretly settling law firm claims
VietNamNet Bridge – Le Thanh Van, a standing member of the Finance and Budget Committee of the National Committee talks to the newspaper Tien Phong (Vanguard) on the need to highlight the idea of transparency in the Law on Anti Corruption. Le Thanh Van Under the current draft Anti-Corruption Law only the wife or husband and children under 18 years old will be listed in asset paper declarations. Many have complained that the law will create a loophole for people to falsify their assets. How do you respond to that? The tools in the fight against corruption are legal financial barriers, the budget and the management of public assets. If they are all properly managed, whether the law requires more or fewer people to declare their assets is of no importance. Our present legal corridor on the management of State finance, the budget and public assets is still weak and cannot fully prevent corruption or embezzlement. We hope that when the Anti-Corruption Law is … [Read more...] about Power embezzlement must be prevented
Kyle Swenson, The Washington Post Published 5:45 am PDT, Thursday, April 11, 2019 Before it went bad, Jon Sander and Sandy Mazzella were buddies. They had been business partners in a lawn and landscaping company. The bond between the two North Carolinians was so tightly knit they lived with their families next door to one another on Clearsprings Drive, a residential street with long driveways and spacious lawns in Wake Forest, North Carolina, just northeast of Raleigh. Sander and Mazzella smoked weed together every day after work, the News & Observer would later report. They shared family vacations and Christmas dinners. Sander reportedly affectionately referred to Mazzella as "my little brother." But that friendship had soured into something ugly by March 2016. Money trouble reportedly started it off, then suggestions of infidelity. The families accused one another of hurting their respective pets. When a young member of Mazzella's family accused Sander of … [Read more...] about He couldn’t afford a $250 mental health evaluation. Could it have prevented a triple murder?
The Supreme Court recently slapped a notice on RJD chief Lalu Prasad Yadav in nexus with the embezzlement episodes of 1990s during his tenure as a CM of undivided Bihar.The Jharkhand government, through the CBI, challenged the State High Court’s decision in November last year to partly quash charges, including those under the Prevention of Corruption Act, against veteran politician Mr. Lalu Prasad in an embezzlement case associated with the fodder scam.Subsequent to the High Court decision being brought to its cognizance, a Bench of Justices Madan B. Lokur and S.A. Bobde issued notice to Mr. Prasad. He has four weeks to file his response.It is to be noted that the High Court had stopped criminal proceedings against Mr. Prasad on the ground that he cannot be found guilty of the same offences twice under Section 300 of the Code of Criminal Procedure.At the time of the High Court decision in November 2014, he was already sentenced to a five-year rigorous … [Read more...] about SC issues notice to Lalu Prasad Yadav in Fodder Scam case