July 29, 2010
Attorney Charged With Failure To Repay Student Loans
The Illinois Administrator has filed a complaint alleging that an attorney failed in bad faith to repay his student loans for a graduate business degree obtained after he graduated from the University of Chicago Law School in 1994. From 2006-2006, the attorney held several positions in business including a stint as president of Gear 7 in Los Angeles. The complaint alleges that the attorney received over $78,000 in loans in 2006 and signed two promissory notes. He allegedly has not made any payments on either note.
In 2007, he was hired by DLA Piper at a salary of $190,000 a year. In 2008, he was paid $220,000 plus a bonus of nearly $15,000. He was terminated in February 2009 but paid through May 30 of that year. In addition to the loan repayment charges, it is alleged that the attorney failed to respond to the Administrator's lawful demands for information about the allegations. (Mike Frisch)
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