April 16, 2012
Bailed And Out
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)