March 19, 2013
From Big Law To Big House
The New York Appellate Division for the First Judicial Department has disbarred an attorney who was involved in a multi - million dollar theft of client funds.
Am Law Daily had this report on the criminal charges.
From the New York Daily News in January 2013:
As a lawyer at the power firm Crowell and Moring, between February 2007 and September 2011, Arntsen handled real estate transactions for Regal Real Estate, a management company with commercial and residential properties in Manhattan.
Beginning in April 2010, Arntsen began moving large amounts of cash from Regal's escrow accounts, which included cash from real estate sales, into his own personal bank accounts, totaling more than seven million dollars, prosecutors allege.
In September 2011, he vanished, later surfacing in Hong Kong, where he was arrested.
The attorney pleaded guilty to grand larceny and other charges. He was sentenced to 4 -12 years in prison. (Mike Frisch)
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