• Arthur Cohen, 71, charged with applying legislation company money to buy diamond jewellery, fork out family members costs
  • Cohen stole from Gordon & Silber for many years, fees say

(Reuters) – A New York law firm stole more than $1.2 million from his law agency and used it on a diamond-encrusted Cartier watch, a $57,000 diamond ring, household credit rating card charges and other own charges, Manhattan prosecutors mentioned Wednesday.

Arthur Cohen, 71, was charged with 35 counts such as grand larceny, prison tax fraud, providing a bogus instrument for submitting, falsifying small business records and perjury.

Cohen did not instantly reply to a request for comment.

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As senior equity lover and treasurer of Manhattan’s now-defunct Gordon & Silber, Cohen made use of the business as his “own gold mine at the expense of his associates and co-staff,” Manhattan District Legal professional Alvin Bragg mentioned in a statement.

In addition to the $40,000 diamond look at, ring and other purchases, Cohen allegedly utilised stolen business funds for luxury hotel stays, to “company luxury vehicles” and to shell out far more than $100,000 for his son’s American Express card.

To address his tracks, Cohen fabricated accounting entries and expense studies, prosecutors claimed.

The scheme lasted from January 2014 to February 2020, when Cohen was suspended from Gordon & Silber, prosecutors claimed. The firm demanded he repay at the very least some of the income, but as a substitute Cohen sued the agency in New York County Supreme Courtroom, according to the D.A.’s office environment and courtroom documents.

Cohen filed files containing untrue facts in the civil situation and committed perjury when he falsely denied stealing from the company, prosecutors mentioned. That situation remained lively as of past thirty day period.

Leah Kelman, a husband or wife at Herrick Feinstein who is symbolizing Cohen in the civil scenario, declined to remark.

(Up to date with details on an attorney for Cohen.)

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