New York Bankruptcy Attorney Admits Embezzling Funds
The government said Pincus David Carlebach took $30,000 from his client's bankruptcy estate for his own use.
March 29, 2018 at 03:09 PM
2 minute read
A New York bankruptcy attorney, Pincus David Carlebach, pleaded guilty on Wednesday in Manhattan federal court to embezzling funds from a client's bankruptcy estate.
The government said that Carlebach, 57, transferred $30,000 in estate assets to himself for his own use in early 2016. He pleaded guilty before U.S. District Judge Jesse Furman of the Southern District of New York to one count of embezzlement from a bankruptcy estate.
in November, Carlebach was suspended from practicing law for alleged misconduct that “threatens the public interest,” according to orders from the Appellate Division, First Department. The suspension order noted that Carlebach had misappropriated about $800,000 of a buyer's down payment.
According to online directories, Carlebach operated a small or solo practice in Lower Manhattan.
The U.S. Attorney's Office said Carlebach faces a maximum sentence of five years in prison and three years of supervised release.
Assistant U.S. Attorney Timothy Capozzi led the criminal case.
Carlebach's attorney, Richard Finkel of Richard A. Finkel Esq. & Associates, said his client is tentatively scheduled to be sentenced in July. Carlebach also has been charged by the Manhattan district attorney but has not yet pleaded in the state case, Finkel said.
“He's very sorry for his actions,” Finkel said. “He's cooperating with the U.S. Attorney's office and with the Manhattan district attorney's office” as well as parties in bankruptcy court.
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