New York’s Lawyers’ Fund for Client Protection — the entity through which honest attorneys reimburse the victims of their crooked colleagues — paid out a five-year high of $8.1 million in 2005 as the fund was rocked by several large thefts of real estate monies.

Disbarred Long Island solo practitioner and convicted felon Jay W. Rosen cost the fund more than $2.4 million, and that is on top of the $1 million he cost the fund in prior years. Rosen is serving a 2-to-6-year prison term for stealing real estate escrow funds that had been left in his trust by clients.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]