May 11, 2008

Giving new meaning to "in-house"

house.jpgHow much did a gambling addicted in-house attorney siphon from his employer, a New Jersey home builder? $1.37 million. How did he do it? The attorney canceled contracts for real estate purchases, recovered deposits from the escrow companies, and then gambled away the funds. That wasn't the only house-related damage from his gambling addiction. He refinanced his home in 2007 without telling his wife (although title to the home was in her name). He'll be in the Big House for the next seven years. Maybe he should have argued he was on Mirapex? Or at least tried this strategy.

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