Calvin Curtis had credit score playing cards with merged limits of much more than $92,000. Now, he just can’t cost a lot more than $2K.
A Salt Lake City legal professional who pleaded responsible to federal wire fraud and dollars laundering costs in November has been purchased to straight away resign as a trustee, wrap up his legislation apply inside 30 times and notify all of his current consumers that he’s a convicted felon, his attorney reported Tuesday.
Calvin Curtis, 61, also has been constrained to the use of a single credit history card, which have to have a restrict of $2,000 or less. He isn’t allowed to open up any new traces of credit rating.
The new prerequisites were being proven through a Friday court hearing with regards to a movement submitted by prosecutors last 7 days.
U.S. attorneys experienced asked for that Curtis be expected to stop managing up his credit card balances and quickly stop his do the job as an lawyer. But the judge allowed Curtis to get a “wind-down period” of 30 times in purchase to wrap up his legislation practice, as prolonged as he doesn’t acquire on any new clients, stated his lawyer, Greg Skordas. Curtis also can no longer serve as a trustee or act as a fiduciary.
Immediately after closing his legislation observe, Curtis will be demanded to discover whole-time employment that does not contain authorized get the job done, according to Skordas.
The Department of Justice has accused Curtis of embezzling at the very least $9.5 million from customers of his estate-organizing company — a lot of of whom ended up vulnerable in some way — then making use of the income to fund a “lavish life-style.” In all, federal prosecutors accused Curtis of fraudulently diverting cash from at minimum 22 trusts since 2008.
Curtis is at present on release pending his sentencing in March, due to the fact a choose identified that he was unlikely to flee and doesn’t pose a threat to any individual.
According to the prosecutors’ movement, ailments of Curtis’ release explained he could not incur new credit rating expenses or open up new strains of credit rating. Curtis had argued that he’s permitted to use his cards in just current credit score limitations.
Curtis had prepared to use his credit score playing cards to shell out a number of expenditures for his girlfriend, such as her $5,995 lease in Florida, her moving expenses of $3,000 and a protection deposit and a person month’s rent in her new household, files state. He also explained he was driving on quite a few payments, like boy or girl help.
Curtis experienced “numerous” credit score playing cards, the motion mentioned, which includes one particular with a $30,000 limit, a single with a $27,500 restrict, and a single with a $35,000 limit.
“It is an affront to justice to allow Mr. Curtis to fork out a different person’s (mixed) $8,995 rent and going costs whilst victims are basically out hundreds of thousands of dollars,” the U.S. lawyers stated in the movement.
In mild of Curtis’ criminal case, the Utah Point out Bar filed a petition on Dec. 1 to disbar him, court documents demonstrate. The Place of work of Qualified Conduct also submitted a movement to have Curtis instantly positioned on interim suspension from the apply of regulation, indicating his guilty pleas “reflect adversely on his honesty, trustworthiness, and conditioning as a law firm,” files point out.
On Tuesday, Skordas explained he and Curtis program to agree to the petition, but with the understanding that Curtis be permitted to wind down his legislation observe.
Curtis has also sold his mansion on South Temple, which prosecutors alleged that he renovated with hundreds of thousands of pounds in embezzled income. Skordas anticipated that Curtis will get about $1,250,000 for the dwelling, and that all proceeds will go towards the restitution he have to pay back to victims.
In all, Curtis will possible end up having to pay about $15 million in restitution, Skordas mentioned.