Saturday, November 28, 2009

Former Atty Gets Seven Years in Prison

Arkansas class-action attorney Steven Eugene Cauley was sentenced by a New York judge to seven years and two months in prison after admitting that he stole $9.3 million from client escrow accounts he controlled.

Cauley, who pleaded guilty in June to fraud and criminal contempt, stole money that he held in escrow from the proceeds of a class-action lawsuit against The BYSIS Group Inc., a Roseland, New Jersey-based insurance-services firm that services insurance companies. Cauley’s former Little Rock, Arkansas-based law firm, Cauley Bowman Carney & Williams PLLC, was among the lead attorneys in the 2004 class-action, or group, lawsuit.

Cauley, who has surrendered his law license, joins other attorneys who’ve been jailed for felonies. Marc Dreier, founder of New York’s Dreier LLP, is serving 20 years in prison for selling $700 million in phony promissory notes. Ex-Milberg Weiss Bershad & Shulman partners Mel Weiss, Bill Lerach, David Bershad and Steven Schulman were sent to prison in a kickback scheme.

Full Article and Source:
Arkansas Lawyer Cauley Gets Seven Years for Fraud

See Also:
Disbarred Lawyer Confesses


Betty said...

Another filthy lawyer. There are more and more of these stories.

Max said...

Seven years and he stole more than $9.3 mil....looks like he's coming out ahead.

StandUp said...

OK, gather up HIS belongings - all of them - and sell them. And use that money to help pay back the victims.

Anonymous said...

A real piece of work!

Anonymous said...

look at that list of bad lawyers and all the money they've thieved