Monday, April 16, 2012
The Massachusetts Supreme Judicial Court has disbarred an attorney convicted in federal court of money laundering and related offenses.
The attorney used his IOLTA account as a vehicle to launder drug proceeds "so that the funds could be used to post bail for defendants facing felony drug charges." As a result, bail was posted for over 50 defendants in an amount that exceeded $2 million.
The attorney was sentenced to 66 months in prison with 24 months of supervised release. (Mike Frisch)