Former Attorney Pleads Guilty to Bank Fraud, Money Laundering Charges

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Education & Training with (retired) TN LIC# 290452

Former Grosse Pointe Attorney Pleads Guilty to Bank Fraud, Money Laundering Charges

U.S. Attorney’s Office April 23, 2014
  • Eastern District of Michigan (313) 226-9100

A Grosse Pointe attorney pleaded guilty today to embezzling more than $2.7 million and laundering funds to conceal his conduct, U.S. Attorney Barbara L. McQuade announced today.

McQuade was joined in the announcement by Paul M. Abbate, Special Agent in Charge of the Detroit FBI.

Kenneth Flaska, 62, pleaded guilty before U.S. District Judge Paul D. Borman.

The information presented at the plea hearing showed that between 2004 and July 2013, Flaska fraudulently obtained more than $2.5 million belonging to clients of his law firm. Flaska used a series of financial transactions to move money out of client accounts and into his own bank and investment accounts.

Under the term of his plea agreement, Flaska faces up to nine years in prison and has agreed to forfeit the proceeds of his fraudulent conduct. Flaska has already resigned from the Michigan State Bar. A sentencing date has been set for August 4, 2014, at 11:00 a.m.

This case was investigated by special agents of the Federal Bureau of Investigation and prosecuted by Assistant United States Attorneys Cynthia Oberg and Gjon Juncaj.

http://www.fbi.gov/detroit/press-releases/2014/former-grosse-pointe-attorney-pleads-guilty-to-bank-fraud-money-laundering-charges?utm_campaign=email-Immediate&utm_medium=email&utm_source=fbi-in-the-news&utm_content=316768

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David Saks



Time&Temp Memphis

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Rainmaker
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Bill Reddington
Re/max By The Sea - Destin, FL
Destin Florida Real Estate

I always wonder in situations like this what took 9 years to catch this guy. This seems to be a long time and lots of money disappearing.

Apr 24, 2014 12:04 AM #1
Rainmaker
1,570,710
David Saks
(retired) - Memphis, TN

Lots of attorneys disbarred, in prison, and on the way for this kind of fraud, Bill.

Usually the result of a fraudulent billing scheme or conspiracy for statutory or contractual fees that takes years to uncover after swindling clients.

Disability and ERISA (Employee Retirement Income Security Act) cases are common forms of prey for crooked attorneys who swindle the retroactive insurance payments from their clients.

I hope that shyster spends a long time in prison.

Apr 24, 2014 12:22 AM #2
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David Saks

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