Albert Hessberg III, a former trusts and estates partner at Barclay Damon who admitted to defrauding his firm and clients of over $2 million, was sentenced to five years and eight months in prison Nov. 1 after saying that he was driven to steal because he wasn’t making enough money.
U.S. District Judge Mae D’Agostino in Albany said at sentencing that Hessberg had acted in a “ruthless and predatory fashion” in his decade-plus scheme to scam his clients and his firm out of millions of dollars, according to the U.S. Attorney’s Office for the Northern District of New York, which prosecuted the case.
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