According to a recent WSJ blog post, “Minneapolis Lawyer Accused of Stealing From Clients”, Michael Margulies, a former partner at Lindquist & Vennum has agreed to be disbarred for stealing up to $2 million from a half-dozen clients by double billing and submitting false expense reports for dinners. Margulies, who specialized in real estate law is likely to face criminal charges. The law firm’s managing partner, Daryle Uphoff said that Margulies’ dealing went undiscovered because they were done off the firm’s books and didn’t show up in routine audits. Apparently, Margulies established Triad, a phony business through which he funneled clients’ money. “He was extremely cleaver”, Uphoff said. “We are stunned, of course. Dismayed”, Uphoff added.
Minneapolis Lawyer Disbarred for Double Billing and Submitting False Expense Reports
April 16, 2010 | Posted in : Billing Practices, Ethics & Professional Responsibility, Expenses / Costs