Legal News

Lawyer Weisberg Pleads Guilty to Escrow Theft
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

Martin Weisberg, who has been indicted on a smorgasbord of charges, has pleaded guilt to two counts brought against him: money laundering and conspiracy to commit securities fraud.

The former New York partner of Baker & McKenzie has faced similar charges before, such as when he managed to evade unscathed from 1991 charges of trading in a Ponzi scheme.

Despite his attempts to challenge all the charges — he tried to have the money laundering count thrown out and contended that the 10 wire fraud counts were on an improper venue — he has hankered down and admitted his faults.


“I deeply regret this action on my part,” he read from a statement. “My actions were wrong and in violation of the law and again I deeply regret my actions.”

He is speaking specifically of when he told three clients, including SIAM capital management, Regenmacher Holdings Limited, and JMV Fixed Income Arbitrage Performance Partners that he would put $30 million in an escrow account that would earn no interest when in fact he put it in an account that earned him $1.6 million in interest.

Other charges include 10 counts of wire fraud and one of money laundering

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!

He was also indicted with giving discounted shares in Xybernaut Corporation and Ramp Corporation to two Israeli investors, Zev Saltsman and Menacham Eitan.

He could face up to 10 years in prison for money laundering and 5 for the security fraud conspiracy charge. Part of his pleading of guilt is contingent on him getting less than 97 months of prison.



Associate Attorney


DTC based firm is looking to add an additional associate to join our growing practice. The associate...

Apply now

Associate Attorney


Gillmore & Wilson: Attorneys at Law Job-type: Full-time Title: Associate Attorney Gillmore ...

Apply now

Family law attorney Westlake Village

USA-CA-Westlake Village

ZFLG is a boutique family law firm serving LA and Ventura Counties. We want to hire an experien...

Apply now

Estate Administration / Probate Paralegal


I am looking for a part-time paralegal or legal assistant who is experienced, adept and proficient w...

Apply now




Search Now

Senior Wealth Management Group Associate Attorney

USA-CA-San Diego

San Diego office of our client seeks Senior Wealth Management Group Associate Attorney with 9 years ...

Apply Now

Bankruptcy Associate Attorney

USA-CA-Los Angeles

Los Angeles office of a BCG Attorney Search top ranked law firm seeks Bankruptcy Associate Attorney ...

Apply Now

Tax Attorney


Miami office of our client seeks Tax Attorney with 2 years of experience. The candidate should be li...

Apply Now

Most Popular


To Top