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New York lawyer disbarred for misconduct and felony conviction related to mortgage fraud scheme

Hello and welcome to this JACPA Ethics Alert blog which will discuss the April 3, 2012 New York Appellate Court opinion disbarring a lawyer for misconduct related to the lawyer’s involvement in a mortgage fraud ring and conviction of felony charges related to the same misconduct.

According to the opinion, the lawyer was disbarred after pleading guilty in federal court to one count of conspiracy to commit wire fraud and bank fraud for his role in a two-year mortgage fraud ring that apparently obtained more than $10 million in fraudulently obtained loans.  He pled guilty to felony charges in April 2010 but had not yet been sentenced on the date of the opinion.  He also had submitted his resignation from practice.

The lawyer was one of three individuals who were charged in the mortgage fraud ring, in which a total of 10 individuals were charged.  He was a real estate investor who purchased and sold properties using straw corporations and straw buyers. The lawyer occasionally represented the straw buyers and corporations in transactions for some of the properties and, inter alia; paid other ring members to falsify information and prepared false checks to show that down payments had been paid when they had not actually been paid.

Bottom line: this New York lawyer was disbarred for engaging in fraudulent conduct (and being convicted of felony criminal charges for the misconduct) both as a lawyer and outside of the practice of law.  The Supreme Court of Florida has previously said “a lawyer is a lawyer is a lawyer” and can be prosecuted for violations of the Florida Bar Rules for fraudulent and other misconduct even if it does not occur while the lawyer is practicing law.

Be careful out there!

As always, if you have any questions about this Ethics Alert or need assistance, analysis, and guidance regarding these or any other ethics, risk management, or other issues, please do not hesitate to contact me.

THE LAW OFFICE OF JOSEPH A. CORSMEIER, P.A.

PROVIDES ETHICS ADVICE AND EXPERT OPINIONS TO LAWYERS AND LAW FIRMS

DEFENDS LAWYERS IN BAR MISSION AND DISCIPLINE CASES

(AND MUCH MORE!)

My law firm focuses on review, analysis, and interpretation of the Rules Regulating The Florida Bar, advice and representation of lawyers in Bar disciplinary matters, defense of applicants for admission to The Florida Bar before the Board of Bar Examiners, defense of all Florida licensed professionals in discipline and admission matters before all state agencies and boards, expert ethics opinions, and practice management for lawyers and law firms.  If there is a lawyer or other Florida professional license involved, I can defend the complaint or help you get your license.

If you have any questions or comments, please call me at (727) 799-1688 or e-mail me at [email protected].  You can find my law firm on the web at www.jac-law.com. In addition to handling individual cases, matters, problems and issues for my clients, I also am on retainer to provide ethics advice to numerous lawyers and law firms throughout the state of Florida.  I also provide legal assistance and advice to numerous individuals and non-legal entities to help insure compliance with the law and rules related to UPL and other issues.

Disclaimer:  this e-mail does not contain any legal advice and the comments herein should not be relied upon by anyone who reads it.

Joseph A. Corsmeier, Esquire

Law Office of Joseph A. Corsmeier, P.A.

2454 McMullen Booth Road, Suite 431

Clearwater, Florida 33759

Office (727) 799-1688

Fax     (727) 799-1670

[email protected]

www.jac-law.com

NOTICE OF CONFIDENTIALITY:  This electronic communication and the information contained herein is legally privileged and confidential proprietary information intended only for the individual and/or entity to whom it is addressed pursuant to the American Bar Association Formal Opinion No. 99-413, dated March 10, 1999 and all other applicable laws and rules.  If you receive this transmission in error, you are advised that any disclosure, copying, distribution, or the taking of any action in reliance upon the communication is strictly prohibited.  Any unauthorized use, distribution, or disclosure of this communication is strictly prohibited.  If you have received this in error, please notify us immediately by return e-mail at the above telephone number and then delete message entirely from your system.  Thank you for your cooperation.

 

 

 

 

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