Editor's note: Heard in the Shark Pool...money from nursing home and probate fraud is being laundered in Bulgaria...Go get-em FEDs. Lucius Verenus, Schoolmaster, ProbateSharks.com
Ex-Baker McKenzie Partner Sentenced to 2 Years
New York Law Journal
August 8, 2013
A disbarred ex-Baker & McKenzie partner has been sentenced on Wednesday to two years in prison after pleading guilty to money laundering and conspiracy to commit securities fraud. Eastern District Judge Nicholas Garaufis (See Profile) imposed the sentence on Martin Weisberg, saying Weisberg's actions were not a lapse of judgment but "calculated frauds and lies" that were based on "greed, plain and simple." Weisberg's sentence also included three years of supervised release, 1,000 hours of community service, a $297,500 restitution order and a $250,000 forfeiture. Seeking a term of probation, Weisberg, 62, told Garaufis he was "filled with remorse, shame, contrition and humility" as he faced sentencing. Weisberg apologized to his family, friends, former colleagues and "all I may have hurt by my actions." Speaking of his forfeited law license and inability to consider himself part of the legal community, Weisberg added, "It is a loss I feel bitterly… It is a loss I deserve to feel." Weisberg faced two criminal cases. On the eve of jury selection in one trial, he pleaded guilty in May 2012 to one count from each case (NYLJ, May 22, 2012). In the case that was about to go to trial, United States v. Weisberg, 08-cr-00347, Weisberg was accused of stealing $1.3 million in interest after telling clients he would be putting their $30 million in an escrow account that would not bear interest. The other indictment, involving multiple defendants, United States v. Saltsman, 07-cr-00641, pertained to an alleged stock fraud scheme. Under the plea agreement, prosecutors did not seek a specified period of incarceration. But they said in court papers that Weisberg's guideline range should be between 78 and 97 months. Eastern District assistant U.S. attorney Ilene Jaroslaw told Garaufis at sentencing that a period of incarceration was "just punishment and adequate" while probation would "feed Martin Weisberg's sense of entitlement to act outside of the law."
Read more: http://www.newyorklawjournal.com/PubArticleNY.jsp?id=1202614349243&ExBaker_McKenzie_Partner_Sentenced_to_2_Years#ixzz2bTBspxXN
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