Real Estate Attorney Mitch Kossoff Gets 4+ Years in Prison
Mitch Kossoff
Former real estate attorney Mitchell Kossoff was sentenced to more than four decades in jail Friday for stealing nearly $15 million from his consumers.
The 68-12 months-old Kossoff was sentenced to 4.5 to 13.5 years soon after pleading responsible.
“When consumers hire counsel to depict them, they assume their legal professional will abide by the highest ethical requirements. However Mitchell Kossoff violated the fundamental belief of his customers by using millions for himself,” Manhattan District Lawyer Alvin Bragg stated in a statement.
Kossoff pleaded responsible in December to grand larceny in the initial, 2nd and third levels, alongside with scheming to defraud in the initially degree.
He was just lately disbarred when New York’s Appellate Division, 1st Division dominated that he could no more time practice legislation in the condition.
A effectively-recognised attorney who labored with landlords including Steve Croman’s 9300 Realty and Larry Gluck’s Stellar Administration before his abrupt disappearance final year, Kossoff admitted to thieving $14.6 million from at the very least 35 individuals or businesses starting off in late 2017.
In many instances, he requested clients to deposit cash into escrow so he could use those cash to fork out back again other clients. Kossoff used the income to prop up a failing loved ones business and to fund a lavish way of life, which includes leasing a $19,000-a-month Manhattan apartment and sustaining a $500-a-day credit history card practice.
As element of his sentencing, Kossoff was ordered to repay his customers.
