According to today’s article at kaaltv.com, an attorney from one of the Twin Cities’ most prominent law firms today was charged in Minneapolis federal court with embezzling approximately $2 million from his clients and the firm.
Formerly a partner at the Lindquist & Vennum law firm, Michael Scott Margulies, 56, of Minneapolis was fired earlier this year after his alleged embezzelment was discovered. Marguiles had been a partner with the firm for 23 years.
The charges allege from 1994 through 2010 Margulies embezzled money through a variety of methods, including false documentation, fraudulent expense reports, false invoices and forged checks.
If convicted, Marguiles faces a potential maximum penalty of 20 years in federal prison. He had been practicing law for 32 years.
Lindquist & Vennum’s 200 attorneys provide a full array of corporate finance, transactional and litigation services for clients from offices in Minnesota and Colorado. The firm has served corporate, governmental and individual clients across the nation and around the world for nearly 40 years.