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.
