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.
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Arkansas Lawyer Cauley Gets Seven Years for Fraud
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Disbarred Lawyer Confesses
Another filthy lawyer. There are more and more of these stories.
ReplyDeleteSeven years and he stole more than $9.3 mil....looks like he's coming out ahead.
ReplyDeleteOK, gather up HIS belongings - all of them - and sell them. And use that money to help pay back the victims.
ReplyDeleteA real piece of work!
ReplyDeletelook at that list of bad lawyers and all the money they've thieved
ReplyDelete