N.Y. attorney used law firm as ‘personal gold mine,’ prosecutors charge

  • Arthur Cohen, 71, charged with utilizing regulation firm cash to buy diamond jewellery, pay household bills
  • Cohen stole from Gordon & Silber for several years, charges say

(Reuters) – A New York law firm stole much more than $1.2 million from his law company and spent it on a diamond-encrusted Cartier check out, a $57,000 diamond ring, relatives credit history card bills and other personal charges, Manhattan prosecutors said Wednesday.

Arthur Cohen, 71, was charged with 35 counts such as grand larceny, legal tax fraud, giving a false instrument for submitting, falsifying organization data and perjury.

Cohen did not immediately react to a ask for for comment.

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As senior equity husband or wife and treasurer of Manhattan’s now-defunct Gordon & Silber, Cohen utilised the business as his “own gold mine at the expense of his companions and co-personnel,” Manhattan District Lawyer Alvin Bragg claimed in a assertion.

In addition to the $40,000 diamond watch, ring and other buys, Cohen allegedly used stolen business resources for luxury resort stays, to “service luxury cars” and to pay out more than $100,000 for his son’s American Specific card.

To go over his tracks, Cohen fabricated accounting entries and expenditure stories, prosecutors reported.

The scheme lasted from January 2014 to February 2020, when Cohen was suspended from Gordon & Silber, prosecutors claimed. The agency demanded he repay at minimum some of the revenue, but rather Cohen sued the organization in New York County Supreme Court, according to the D.A.’s business office and court docket data.

Cohen filed paperwork containing fake information in the civil scenario and dedicated perjury when he falsely denied stealing from the organization, prosecutors stated. That case remained active as of past thirty day period.

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

(Current with info on an attorney for Cohen.)

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