A disbarred Montgomery County lawyer who was ordered last year to pay $18.4 million due to alleged misuse of several employee-benefit plans was jailed recently for failing to transfer $1.68 million in assets to a court-appointed fiduciary.
The U.S. Department of Labor announced Tuesday that John J. Koresko V has been in jail for more than 10 days after he violated a court order by failing to transfer the money. According to a statement from the department, instead of transferring the money to the fiduciary, Koresko had transferred the $1.68 million to an account under his control.
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