Attorney regulators in New York have disbarred Mitchell Kossoff right after the actual estate lawyer pleaded guilty in December to criminal rates around his theft of millions of bucks in shopper resources.
Kossoff, the proprietor of the now-defunct Kossoff PLLC regulation firm, pleaded guilty in New York County Supreme Courtroom to fees of grand larceny in the initial, second and 3rd degrees, and scheming to defraud in the to start with diploma.
Prosecutors claimed Kossoff misappropriated additional than $14.6 million from at least 35 people today and corporations, which he admitted to in his plea agreement, New York’s Appellate Division, To start with Division reported in its Thursday order disbarring Kossoff.
Walter Mack, Kossoff’s felony defense attorney, said in an email the official disbarment was expected as a result of his client’s responsible plea, and Kossoff had “tendered his resignation from the bar” a yr ago.
The New York appellate court stated Kossoff did not reply to the court’s lawyer grievance committee’s movement to disbar him.
Kossoff, a fixture of the New York authentic estate sector, commenced transferring cash from his clients’ accounts in December 2017, working with the funds to guidance an additional spouse and children enterprise and own expenditures, prosecutors claimed. That included paying out an common of $16,000 regular monthly on private credit score card charges and $19,000 a month to rent a Manhattan luxury condominium.
Prosecutors have said Kossoff, 68, will be sentenced in April and could serve a jail time period of 4-1/2 to 13-1/2 years. A spokesperson for the Manhattan district legal professional did not promptly respond to a ask for for remark.