Bad Lawyers

Connecticut Attorney Loses License for Second Time
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

bank fraud

Summary: A Connecticut-area attorney had his license suspended for four years after being convicted of bank fraud, the second conviction of his career.

Wethersfield attorney Mark A. Pagani had his law license suspended for four years after being convicted of bank fraud by a New York court. This is the second time in his legal career that his license has been suspended.

  
What
Where


Pagani of the firm Bascetta, Pagani, Kearns & Small was sentenced by the U.S. District Court for the Southern District of New York for his role in defrauding financial institutions. Officials claim that Pagani has conspired with others for nearly three years to obtain over $100 million from two banks for commercial loans. They did this by submitting false and fraudulent loan applications. His conspirators had inflated property values on real estate they were purchasing. This enabled the bottom cost of the properties to be raised and the gain from the sale to be lowered, resulting in an underpayment of taxes.

He was convicted on one count of conspiracy to commit bank fraud and one count of conspiracy to defraud the government. He was given a sentence of time served, five years supervised release for one count and three years for the other count concurrently, 300 hours of community service over the five-year period of supervised release, and a $100,000 fine.

Pagani’s first suspension was for the conviction of the offense of misprision or concealing knowledge of a felony 16 years ago. He was professionally sanctioned with a four month suspension from practicing law. Pagani had admitted to helping to hide $30,000 from the creditors of a bankrupt realtor company, a violation of federal law.

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!!




Hartford Superior Court Judge Antonio Robaina explained the four year suspension, “Pagani has paid the fine as imposed in his sentence. The court further considers that Mr. Pagani has been an attorney for approximately 30 years, and notes the effect that discipline will have upon him at this age and at this stage of his career.” Pagani is 56 years old.

Is a four year suspension for a second offense lenient or harsh? Explain your thoughts in the comments below.



To learn more about bad attorneys, read these articles:

Photo: flickr.com



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Litigation Trial Attorney with 3-5 years of pleading experience

USA-WA-Seattle

Seattle office of our client seeks litigation trial attorney with 3-5 years of experience. The candi...

Apply Now

Corporate Attorney with mergers and acquisitions experience

USA-CA-Los Angeles

Los Angeles office is seeking a corporate attorney with 1-6 years of M&A, corporate finance, securit...

Apply Now

Estate Planning Attorney with 6+ years of experience

USA-CA-Los Angeles

Los Angeles office is seeking an experienced estate planning attorney with 6+ years of experience. C...

Apply Now

Litigation Associate Attorney

USA-CA-San Diego

San Diego office of our client seeks litigation associate attorney with 4-5 years of experience. The...

Apply Now

RELEVANT JOBS

ASSOCIATE ATTORNEY

USA-TX-Houston

INSURANCE DEFENSE / TRANSPORTATION LITIGATION Law firm located in North Houston seeking an associ...

Apply now

Legal- Disbursal Manager

USA-NV-Las Vegas

Prestigious Personal Injury Law Firm seeks Disbursal Manager Qualified individuals need to have p...

Apply now

Legal- Disbursal Manager

USA-NV-Las Vegas

Prestigious Personal Injury Law Firm seeks Disbursal Manager Qualified individuals need to have p...

Apply now

Litigation Associate

USA-LA-Shreveport

A well-established AV rated defense firm seeking an experienced associate with 1-5 yrs experien...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top