"A disbarred attorney took advantage of his clients, including a grieving mother and a friend's widow, to line his own pockets," Dickinson said. "He abused his clients and he abused the legal system for a client who declared bankruptcy. With today's guilty plea, he will be held accountable for his flagrant misconduct."
"Concealing assets in a bankruptcy proceeding is a crime that threatens the integrity of the bankruptcy process and public confidence in that process, especially when the concealment is done by the attorney responsible for assuring full disclosure," stated
At the time of the fraud schemes, Desselle was an attorney in private practice and operated an investment company called New Century Investments. Desselle was suspended from the practice of law in
Porter Foundation Scheme
Sam and Lindsey Porter were the children of
When Porter learned of the
Nunez Bankruptcy Scheme
Desselle acted as the attorney for
Nunez sold the motorcycle for
Desselle filed Nunez's bankruptcy on
Clifton Life Insurance Scheme
In addition to the two specific counts of the indictment to which Desselle pleaded guilty today, his plea agreement also acknowledges that he defrauded
Clifton received only two investment statements from Desselle, one in 2006 and one in 2007. Those statements were both false and fraudulent. Desselle created both documents to lull Clifton into believing her money was safe. In reality, Clifton's funds were lost by Desselle several years earlier, between 1998 and 2000.
Desselle made "interest payments" on Clifton's investments by creating false documents to lull her into believing she was receiving interest payments, when the funds actually came from Desselle's law firm or from funds Desselle solicited from family members. One of those payments came from the samandlindsey.org, Inc., account.
When Clifton read newspaper reports of Desselle's handling of the Porter foundation account in 2008, she told Desselle to liquidate her investments as soon as possible. Desselle eventually admitted that her investments had all been lost.
Under the terms of today's plea agreement, Desselle must pay
This case is being prosecuted by Assistant U.S. Attorney
TNS JF78JF-130412-4293596 EditorFurigay
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|Source:||Targeted News Service|