Lawyer regulators in New York have disbarred Mitchell Kossoff right after the authentic estate lawyer pleaded guilty in December to prison expenses above his theft of millions of dollars in consumer cash.
Kossoff, the operator of the now-defunct Kossoff PLLC law business, pleaded responsible in New York County Supreme Court docket to charges of grand larceny in the very first, second and third levels, and scheming to defraud in the very first diploma.
Prosecutors reported Kossoff misappropriated much more than $14.6 million from at minimum 35 persons and corporations, which he admitted to in his plea agreement, New York’s Appellate Division, Initial Department stated in its Thursday get disbarring Kossoff.
Walter Mack, Kossoff’s legal defense attorney, claimed in an email the formal disbarment was predicted as a outcome of his client’s guilty plea, and Kossoff experienced “tendered his resignation from the bar” a year in the past.
The New York appellate court stated Kossoff did not reply to the court’s legal professional grievance committee’s motion to disbar him.
Kossoff, a fixture of the New York real estate current market, commenced transferring money from his clients’ accounts in December 2017, utilizing the revenue to aid one more spouse and children organization and own expenses, prosecutors said. That provided spending an average of $16,000 regular on own credit score card expenditures and $19,000 a thirty day period to rent a Manhattan luxurious condominium.
Prosecutors have reported Kossoff, 68, will be sentenced in April and could provide a prison term of 4-1/2 to 13-1/2 years. A spokesperson for the Manhattan district legal professional did not right away respond to a ask for for comment.