In a rare criminal prosecution of a lawyer for using an attorney trust account to help clients illegally transfer money, San Diego lawyer Richard Medina Jr. was sentenced on Tuesday to 60 months in prison.
The government asserted that Medina allowed nearly $12 million to be deposited into his IOLTA accounts to help mask the identity of customers in Mexico, the United States and other countries who were moving money from the U.S. to overseas destinations. Medina pleaded guilty last September to operating an unlicensed money transmitting business and agreed to forfeit $12 million. The sentence was handed down by U.S. District Judge Roger Benitez in San Diego.
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