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September 30, 2022

NJ Attorney Disbarred for Securities Fraud

The Supreme Court of New Jersey recently disbarred a tax attorney who had been convicted of conspiracy to commit and the commission of federal securities fraud, and who then failed to notify the New Jersey Office of Attorney Ethics of the criminal charges.  According to the court’s Decision and Order, the attorney used his law license to commit crimes over a five-year period by helping a co-conspirator conceal his ownership stake to avoid having to disclose it, and employing measures to enable the conspirators to profit from illegal stock sales and defraud other investors. The court found that the attorney’s actions violated Rule of Professional Conduct 8.4(c), similar to ABA Model Rule 8.4(c) (Engaging in conduct involving dishonesty, fraud, deceit, or misrepresentation) and ordered disbarment.

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