Bad Lawyers

Tax Attorney Steven Etkind Indicted for Embezzlement
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

embezzle

Summary: A New York tax attorney has been indicted for embezzling client funds and lying to the Internal Revenue Service.

A New York tax attorney has been indicted on four federal counts for embezzling client funds. Attorney Steven Etkind, 57, is accused of embezzling over $3.5 million from a client’s estate that were marked for investments into charitable trusts, according to Law.com.

  
What
Where


Steven Etkind

The press release from the U.S. Attorney’s Office for the Southern District of New York states that Etkind was representing an entrepreneur who had named the attorney as co-executor of their $35 million estate before their death in 2008. The client had directed Etkind in their will to create trust funds from their estate that could be donated to charitable Jewish organizations, according to Newsday.

The newly unsealed indictment claims that Etkind and a co-conspirator funneled money from the charitable funds into shell accounts that Etkind and the unnamed conspirator controlled.

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!!




Etkind used some of the money to buy a 6,300-square-foot house with a pool in Southampton, New York for $3.025 million. The home was purchased under the name of JE Capitol Holding Co. He attempted to cover up his actions by filing fake trust reports with the Internal Revenue Service.

He was charged with conspiracy, endeavoring to obstruct the enforcement of internal revenue laws and two counts of tax evasion. The maximum sentence is 18 years in prison.



Etkind is listed as a partner at Sadis & Goldberg LLP on his LinkedIn page. The law firm lists him on their website as the head of their tax practice, although his bio has been removed from their page. His LinkedIn profile states, “Steven M. Etkind oversees the firm’s Tax, Trusts and Estates, ERISA and Employee Stock Ownership Groups. He is also a Certified Public Accountant. Mr. Etkind has created hundreds of estate plans, ranging from a few million dollars in size to those in the hundreds of millions of dollars. Mr. Etkind has represented trust companies or business owners in numerous ESOP transactions, advised many businesses and private investment partnerships on taxation, corporate transactions, business succession issues and employee incentive strategies.”

He was admitted to the New York bar in 1987 after graduating from Tulane University Law School with his J.D.

Etkind’s lawyer, Randy Zelin, said, “My client and I are looking forward to the truth coming to light. He’s entered a plea of not guilty with good reason.”

Do you think there should be two unrelated people on accounts that deal with estates and trusts? Share your thoughts with us in the comments below.

To learn more about other embezzlement cases, read these articles:

Cover Photo: flickr.com

Etkind Photo: sglawyer.com



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Litigation Associate Attorney

USA-MD-Baltimore

Baltimore office of our client seeks mid-level litigation associate attorney with 3+ years of experi...

Apply Now

Litigation Associate Attorney

USA-SC-Columbia

Columbia office is seeking a commercial litigation attorney with 2-4 years of experience.

Apply Now

Junior Employment Litigation Attorney

USA-CA-San Francisco

San Francisco office is seeking an attorney with 2-3 years of employment litigation, class action or...

Apply Now

Senior Leveraged Finance Attorney

USA-NY-New York City

New York City office is seeking a senior leveraged finance attorney with 12+ years of experience. Ca...

Apply Now

RELEVANT JOBS

Real Estate Attorney

USA-NY-New York City

NYC law firm seeks an associate with 2+ years’ experience in real estate to handle volume case...

Apply now

Labor & Employment Paralegal

USA-IL-Chicago

Robbins Schwartz seeks a Paralegal to join our Labor & Employment practice group. The Labor & Employ...

Apply now

Commercial, Construction, Real Estate Associate

USA-IL-Chicago

Robbins Schwartz seeks an attorney with 3-5 years of applicable experience to join our Commercial, C...

Apply now

Paralegal

USA-IL-Chicago

Robbins Schwartz seeks a Paralegal to join our Corporate and Commercial Real Estate practice group. ...

Apply now

SEARCH IN ARCHIVE

To Top