Posted by Connie Huang.
According to Merriam Webster dictionary, fraud is “the crime of using dishonest methods to take something valuable from another person; a person who pretends to be what he or she is not in order to trick people; [or] a copy of something that is meant to look like the real thing in order to trick people.” Therefore, a person who pretends to be something they’re not in order to trick people and using dishonest ways to take something valuable from someone is fraud.
A former general counsel of a law firm in South Florida was sentenced to 18 months in federal prison. He was sentenced to federal prison because he helped a managing partner “swindle investors by selling them ‘income’ from faked settlements.” He will probably be testifying against other defendants.
According to the article, defendant’s attorney argued that his client “had been punished enough by losing his New York law license and his home and declaring bankruptcy.” I agree that defendant has been punished enough, because losing one’s ability to work and make money (a law license) and maintain a house is hard on his life as it is. That is a lot to lose. The defendant apologized in court to his family members, which I believe is a rightful thing to do. He has declared he has been guilty to charges relating to wire fraud.
“Former General Counsel of Notorious Rothstein Law Firm Gets 18 Months for Fraud.” ABA Journal. N.p., n.d. Web. 14 Feb. 2015.
Connie is an international business major at Montclair State University, Class of 2017.