A California lawyer who lost nearly all of a $2.5 million class action recovery by investing client trust funds in the stock market has pleaded guilty to criminal charges. Sandeep Baweja pleaded guilty Thursday to one count of wire fraud and one count of obstruction of justice. He faces a maximum sentence of 30 years in federal prison and fines of up to $500,000. "One of the worst things an attorney can do is to steal from his clients. Another is to lie to the court. Mr. Baweja did both," said the lead prosecutor.
October 05, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A Southern California lawyer who lost nearly all of a $2.5 million class action recovery by investing client trust funds in the stock market has pleaded guilty to criminal charges.
Sandeep Baweja, 39, of the Baweja Law Group in Irvine, Calif., pleaded guilty on Thursday to one count of wire fraud and one count of obstruction of justice. He faces a maximum sentence of 30 years in federal prison and fines of up to $500,000.
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