Calvin Curtis experienced credit score cards with blended restrictions of extra than $92,000. Now, he cannot demand a lot more than $2K.

(Francisco Kjolseth | The Salt Lake Tribune) Estate attorney Calvin Curtis, who pleaded responsible to federal expenses of wire fraud and cash laundering before this month, has been requested to quickly resign as a trustee, wrap up his law follow inside of 30 days and inform all of his present clients that he’s a convicted felon, his law firm mentioned.

A Salt Lake Town lawyer who pleaded responsible to federal wire fraud and dollars laundering prices in November has been requested to instantly resign as a trustee, wrap up his law follow inside 30 days and notify all of his latest shoppers that he’s a convicted felon, his lawyer mentioned Tuesday.

Calvin Curtis, 61, also has been restricted to the use of a person credit card, which will have to have a limit of $2,000 or less. He is not authorized to open any new traces of credit score.

The new needs have been founded all through a Friday courtroom listening to regarding a motion submitted by prosecutors very last 7 days.

U.S. attorneys had asked for that Curtis be required to halt working up his credit rating card balances and straight away cease his get the job done as an lawyer. But the choose authorized Curtis to take a “wind-down period” of 30 days in buy to wrap up his legislation exercise, as extensive as he doesn’t just take on any new shoppers, said his lawyer, Greg Skordas. Curtis also can no extended provide as a trustee or act as a fiduciary.

Right after closing his regulation observe, Curtis will be demanded to locate complete-time employment that does not include lawful work, in accordance to Skordas.

The Office of Justice has accused Curtis of embezzling at least $9.5 million from customers of his estate-planning firm — a lot of of whom were vulnerable in some way — then making use of the money to fund a “lavish way of life.” In all, federal prosecutors accused Curtis of fraudulently diverting cash from at the very least 22 trusts due to the fact 2008.

Curtis is at this time on release pending his sentencing in March, considering the fact that a decide established that he was unlikely to flee and doesn’t pose a danger to any one.

According to the prosecutors’ motion, ailments of Curtis’ release stated he could not incur new credit rating costs or open new strains of credit. Curtis experienced argued that he’s allowed to use his cards within current credit score limits.

Curtis experienced prepared to use his credit history cards to shell out quite a few fees for his girlfriend, which includes her $5,995 rent in Florida, her moving charges of $3,000 and a stability deposit and one month’s rent in her new household, files state. He also reported he was at the rear of on various expenditures, which include kid assist.

Curtis had “numerous” credit history playing cards, the motion said, which include one with a $30,000 limit, one particular with a $27,500 restrict, and one with a $35,000 limit.

“It is an affront to justice to enable Mr. Curtis to fork out yet another person’s (mixed) $8,995 hire and moving bills although victims are virtually out hundreds of thousands of dollars,” the U.S. attorneys mentioned in the movement.

In mild of Curtis’ criminal scenario, the Utah Condition Bar filed a petition on Dec. 1 to disbar him, court docket documents demonstrate. The Office environment of Skilled Conduct also submitted a movement to have Curtis right away positioned on interim suspension from the observe of regulation, expressing his responsible pleas “reflect adversely on his honesty, trustworthiness, and health as a lawyer,” paperwork condition.

On Tuesday, Skordas claimed he and Curtis system to agree to the petition, but with the knowing that Curtis be authorized to wind down his regulation follow.

Curtis has also sold his mansion on South Temple, which prosecutors alleged that he renovated with tens of millions of dollars in embezzled revenue. Skordas anticipated that Curtis will get about $1,250,000 for the property, and that all proceeds will go towards the restitution he have to shell out to victims.

In all, Curtis will most likely conclusion up shelling out about $15 million in restitution, Skordas stated.