×
( 7 votes, average: 3.9 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.
04/19/07

New York Lawyers Fund to pay record compensation to swindled clients


New York's Lawyers' Fund for Client Protection may create history in its 25-year existence by making a record reimbursement to the victims of dishonest lawyers. To compensate around 4,000 cheated clients of a Bennington law firm, the Fund is likely to shell out around $5 to $6 million.

In 1997, Andrew Capoccia set up a debt-reduction center in Colonie. Three years later, when he lost his law license, Capoccia sold the company to a group of Vermont lawyers. By 2003, the center was declared bankrupt. By the time it closed down, Capoccia's company lost a total of $24 million of client money.

The victims have claimed around $9 million in losses. The seized assets from the convicted attorneys value about $3 million. That means the compensation amount would be in the range of $5 to $6 million.

The Fund, at present, has about $7 million. However, it can appeal the attorneys for additional money. Out of each lawyer's two-year registration fee of $350, sixty dollars are kept aside for the Fund.

As the compensation will be spread out over a couple of years, the huge payout will not bankrupt the Fund. Secondly, the constant generation of the resources will also keep the Fund solvent.

Last year, the Fund made a payment of $7.1 million to the swindled clients of dishonest lawyers. Till now, the Fund has compensated a total of 6,103 victims around the New York state.

The highest payment that the Fund has made was more than $4.4 million in 68 separate awards in 2005 and 2006. The recipients of the reimbursement were the victims of disbarred Long Island lawyer, Jay Rosen.

NY Elder Law Attorneys form new firm
Lamson & Cutner, P.C. is a newly formed Elder Law firm in New York. Founded by Carole C. Lamson and David A. Cutner, two well-known NY Elder Law attorneys, said the firm will concentrate on the legal aspects of the elderly and disabled and their families. It will also emphasize on their Medicaid Planning and Asset Protection related issues. Besides these, the firm will also help the elder with issues on Home Care; Pooled Income Trusts and Community Medicaid; Medicaid fair hearings; negotiations with Medicaid and Re-Certifications; Wills and Estate Planning; Probate and Estate Administration; and Guardianships among others.

Both Lamson and Cutner are prominent and highly experienced attorneys in the field. Lamson has over 17 years of experience and is active on the Committee on Elderly and Disabled of the NY State Bar Association's Trusts & Estates, as well as the Elder Law Section. Cutner has been practicing in the field in NY since 1971. Besides representing clients in Elder Law services issues, he has also had the experience of serving as a court-appointed guardian.

BIZARRE NEWS

Heads: Space; Tail: Buzz off!
After a walk on the loony surface, astronaut Aldrin now plans to send others

Now a space journey may not be too distant a dream, provided lady luck favors you! You ONLY have to win a lottery that Astronaut Buzz Aldrin has planned for you. Incidentally, Aldrin is the second person after Neil Armstrong to walk on the moon in 1969. Now the astronaut plans to send a lucky winner aboard a spacecraft. He has designed a lottery which would send the winner to outer space. It is Aldrin's attempt to let the not-so-wealthy dream of extraterrestrial travel. He said that his ShareSpace Foundation will foot the lottery bills. The ShareSpace Foundation promotes interest in science and space travel in schools. Aldrin pronounced his desires while speaking at the space investment conference on the Wall Street. The dream included a top prize that will take the winner -over 18 years of age and in good physical condition - into the earth's orbit. However, the spacecraft is yet to be decided upon. One more word of caution: DO NOT attempt to sell or transfer your prize on eBay. Wait! Don't reach for your wallet. Aldrin is yet to furnish competition details as well as the legal status of selling such lottery tickets. Once resolved, be assured, a trip into space could be a lottery ticket away!

Lamson & Cutner, P.C.

    

Popular tags

Law Firm      Law Firm In New York      New York Lawyers     

Featured Testimonials

I am very pleased with the services of LawCrossing. It is simply the best.
Stacey


Facts

LawCrossing Fact #47: LawCrossing’s staff of hundreds works all day, every day, to bring users the most comprehensive collection of active jobs.

 
Let's Do It!
Email:

Only LawCrossing consolidates every job it can find in the legal industry and puts all of the job listings it locates in one place.

  • We have more than 25 times as many legal jobs as any other job board.
  • We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites.
  • We collect jobs from more than 250,000 websites and post them on our site.
  • Increase your chances of being seen! Employers on public job boards get flooded with applications. Our private job boards ensure that only members can apply to our job postings.

Success Stories

LawCrossing has the most listings of any job board I have used. It's actually a great site. The website had a lot of detail. It’s nice that you don't have to go through a recruiter if you don't want to. You can actually contact the law firm directly for the positions listed. LawCrossing had a ton of great features.
  • Brian McMillan San Francisco, CA