Wednesday, November 30, 2011

Bad Sandwich

A disbarment decision by the Colorado Presiding Disciplinary Judge imposes the ultimate sanction where the attorney

...engaged in an elaborate scheme to defraud the prospective purchaser of a store owned by [the attorney's] wife. As a result of [his] dishonesty, the purchaser lost over five-hundred thousand dollars. [The attorney] neither paid a civil arbitration award nor participated in the disciplinary proceeding.

The store in question was a Subway sandwich shop. The sale went forward without the approval of the national frachiser of the Subway chain. The attorney's wife received wire payments totalling $350,000 and thereafter (with his knowledge) locked the purchaser out and took all the funds in his operating account. He then aided his wife in withdrawing the wired funds and left the LLC that had received the funds "essentially judgment-proof."  (Mike Frisch)

Bar Discipline & Process | Permalink

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