'He Knew' Says Dewey & LeBoeuf Prosecutor as Case Nears Close
A prosecutor in the Dewey & LeBoeuf criminal case spent his second day of closing arguments walking jurors through a series of allegedly improper accounting adjustments that he said the now-defunct firm's finance department made between 2008 and 2012.
April 28, 2017 at 06:03 PM
3 minute read
A prosecutor in the Dewey & LeBoeuf criminal case spent his second day of closing arguments walking jurors through a series of allegedly improper accounting adjustments that he said the now-defunct firm's finance department made between 2008 and 2012.
As the three-month-old retrial of former Dewey CFO Joel Sanders and former executive director Stephen DiCarmine neared its conclusion, assistant Manhattan district attorney David Drucker said that the accounting moves were “bogus” and artificially inflated Dewey's net income in the years before its 2012 bankruptcy.
Much of Drucker's argument on April 28 delved into the specifics of those accounting adjustments. Although they took different forms, Drucker repeatedly told jurors that the adjustments didn't reflect revenue realities for Dewey, but instead served to make the firm's position look better on financial statements.
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