Posts Tagged Legal Malpractice
NFL QB Sues Law Firm Over Bad Tax Advice
Posted by admin in Fraud Recovery, Legal Malpractice on December 31, 2011
by Brian Mahany
Taxes are complicated. During a recent trial we asked all of the IRS agents if any of them had ever read the entire tax code. Not one had. With thousands of forms and tens of thousands of pages of statutes, rules and regulations, it’s no surprise that individuals and business owners often need [...]
When Lawyers and CPA’s Steal
Posted by admin in Fraud Recovery on September 12, 2011
by Brian Mahany
Theft by financial professionals is rare but it happens. Statistics show that a lawyer may commit malpractice on average 3 times in his or her career but outright theft or fraud is thankfully rare.
Today’s Accounting Today has an article about a Missouri CPA who stole more than $400,000 from two trusts he controlled. [...]
Feds Target CPA’s, Lawyers
by Brian Mahany
Earlier this week, the Justice Department convicted the former chairman of prominent CPA firm BDO Seidman as well as two attorneys from Jenkens and Gilchrist for their role in promoting abusive tax shelters. The government has announced that it is targeting lawyers and financial professionals involved in illegal tax schemes.
The defendants argued that [...]
Partner in Major Law Firm Pleads to $19 Million Fraud
Posted by admin in Fraud Recovery on May 7, 2011
by Brian Mahany
Two months ago I wrote about the sentencing of Ken Starr, money manager to many top celebrities. Starr is currently cooling his heals in the federal pen after being convicted of defrauding clients of $30 million - clients such as Wesley Snipes, Sly Stallone and Al Pacino. This week Starr’s lawyer, Jonathan Bristol, [...]
Celebrity Money Manager Heads to Prison
Posted by admin in Fraud Recovery on March 5, 2011
by Brian Mahany
Kenneth Starr, former money manager for Wesley Snipes, Al Pacino and Sylvester Stallone, was sentenced to 7 ½ years in prison. Last year Starr pled guilty to stealing over $30 million from his celebrity clients. The sentence is a bittersweet victory for me; I tried to alert authorities in January of 2008 that [...]
SEC and Justice Department Charge Top Lawyer With Fraud
Posted by admin in Fraud Recovery, Legal Malpractice, White Collar Criminal on December 18, 2010
by Brian Mahany
Jonathan Bristol, a former partner at two of the largest and best U.S. law firms, was arraigned in a Manhattan federal court and charged with laundering over $20 million in connection with Kenneth Starr, the now convicted financial advisor to Hollywood celebrities.
In 2008, Bristol became a partner at Winston & Strawn, a prominent [...]
When Lawyers Become Criminals
Posted by admin in Fraud Recovery, Legal Malpractice on November 7, 2010
by Brian Mahany, Esq.
As a lawyer concentrating in asset recovery and professional negligence (malpractice), I have encountered many stories of Ponzi schemes, frauds, theft and hundreds of tales of Wall Street greed. Sometimes the perpetrators of these frauds and scams are judges and lawyers. Thankfully those stories are rare but they do happen.
[...]
When Good Lawyers Turn Bad
Posted by admin in Fraud Recovery, Legal Malpractice on September 23, 2010
(Legal Malpractice and Fraud Recovery blog post)
by Brian Mahany
Lawyers are not held in high regard by many people. That is unfortunate since 99% of them do great work. Most lawyers get themselves in trouble when they get in over their heads and fail to seek help. Unfortunately a few are simply corrupt. The U.S. Securities [...]
Do You Know Who Is Handling Your Money? You Should.
Posted by admin in Fraud Recovery, Legal Malpractice on January 17, 2010
by Brian Mahany
How Well Do You Know Your Financial Professional? If you are like many people, the answer is “not very well.”
Recently I blogged about the Financial Industry Regulatory Authority (”FINRA”) and the gaps in their “Broker Check” system. Since writing that piece, FINRA has begun correcting some of the problems. Except for stock brokers, [...]
Main Street Takes On Wall Street’s Untouchables - the Accountants & Lawyers
Posted by admin in Fraud Recovery, Legal Malpractice on December 26, 2009
by Brian Mahany
By now, few are shocked when the nightly news breaks a story of a new Ponzi scheme. Not a week goes by without new tales of corporate greed or insider trading. The feds do a fair job in prosecuting these frauds, at least in the high profile cases. But what does a 20 [...]
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