July 2, 2022

N.Y. attorney utilized law company as ‘personal gold mine,’ prosecutors charge

  • Arthur Cohen, 71, charged with employing law company resources to acquire diamond jewellery, spend relatives charges
  • Cohen stole from Gordon & Silber for decades, fees say

(Reuters) – A New York attorney stole additional than $1.2 million from his regulation firm and put in it on a diamond-encrusted Cartier view, a $57,000 diamond ring, family members credit history card costs and other own bills, Manhattan prosecutors explained Wednesday.

Arthur Cohen, 71, was charged with 35 counts including grand larceny, criminal tax fraud, offering a bogus instrument for filing, falsifying company records and perjury.

Cohen did not immediately answer to a ask for for remark.

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As senior fairness companion and treasurer of Manhattan’s now-defunct Gordon & Silber, Cohen utilised the firm as his “own gold mine at the cost of his companions and co-workers,” Manhattan District Lawyer Alvin Bragg explained in a statement.

In addition to the $40,000 diamond observe, ring and other buys, Cohen allegedly utilised stolen firm cash for luxurious resort stays, to “services luxury vehicles” and to pay back far more than $100,000 for his son’s American Categorical card.

To protect his tracks, Cohen fabricated accounting entries and expenditure reviews, prosecutors claimed.

The scheme lasted from January 2014 to February 2020, when Cohen was suspended from Gordon & Silber, prosecutors explained. The business demanded he repay at least some of the money, but as an alternative Cohen sued the agency in New York County Supreme Court docket, according to the D.A.’s workplace and court docket data.

Cohen filed files made up of wrong information and facts in the civil circumstance and dedicated perjury when he falsely denied thieving from the company, prosecutors stated. That situation remained active as of previous month.

Leah Kelman, a companion at Herrick Feinstein who is representing Cohen in the civil scenario, declined to comment.

(Updated with details on an legal professional for Cohen.)

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