Friday, April 20, 2007

Former Class Action Attorney Agrees to Plea and Will Receive a Ten-Year Sentence

Former Miami plaintiffs class action attorney Louis S. Robles will enter a guilty plea to mail fraud charges for defrauding asbestos clients out of over $13 million that will result in a ten-year prison sentence, according to a Daily Business Review article (here).  At one time, Robles represented over 7,000 asbestos clients, and according to a press release issued by the U.S. Attorney's Office for the Southern District of Florida at the time of his indictment in May 2006 (here), he was accused of using money from his firm's lawyer's trust account for "financing his movie production and waste management companies, leasing apartments in New York and Los Angeles, making mortgage payments of up to $101,000 per month on four different properties, including a 9,000 square-foot waterfront mansion in Key Biscayne, and paying his ex-wife’s alimony, as well as payments to other clients."  While the court will doubtlessly require Robles to pay restitution to his numerous former clients, whether they ever see any money is an open question.  This type of case imposes a particularly difficult burden on the victims because they lost their chance at obtaining some compensation for a debilitating disease.  (ph)

Fraud, Legal Ethics, Prosecutions | Permalink

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» Miami Class Action Attorney Held as Possible Flight Risk from White Collar Crime Prof Blog
Plaintiffs class action attorney Louis Robles is in jail pending acceptance of a plea agreement to charges that he stole over $13 million from asbestos clients because he may be a flight risk. An article in the Daily Business Review [Read More]

Tracked on May 21, 2007 2:30:12 AM


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