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Old May 28th, 2012 #2602
Donald E. Pauly
Banned
 
Join Date: Dec 2003
Location: Las Vegas
Posts: 4,130
Smile Steele's Scum Sucking Lawyer Pleads Guilty

Steele's scum sucking lawyer has just pleaded guilty to three Federal counts involving mail fraud. He would make the perfect cell mate for Steele. It is another proof that Steele was crazy since he did not fire this fool in the middle of the trial and take over his own defense. McAllister faces 45 years in prison. Our Unterwhigger -JC will duplicate this post.

Quote:

http://www.bizjournals.com/denver/ne...ee-counts.html

Attorney pleads guilty to three counts
Denver Business Journal by Heather Draper, Reporter
Date: Thursday, May 24, 2012, 5:49pm MDT

Former Denver criminal-defense attorney Robert T. McAllister, 62, pleaded guilty Thursday to two counts of conspiracy to commit financial fraud and one count of bankruptcy fraud.

In his plea, McAllister admitted that from 2006 to 2011, he and others conspired to obtain wire transfers totaling more than $1 million in a scheme to obtain funds that were subject to a temporary restraining order entered by a U.S. district judge in Missouri, according to a news release from U.S. Attorney Barry Grissom of the District of Kansas. They were then going to use that money for a down payment in a real estate transaction on a house in Clark in northwest Colorado, the release said.

Prosecutors from Grissom’s office are serving as special counsel on the case, which was filed in U.S. District Court in Denver. Sentencing is set for Sept. 14. McAllister faces a maximum penalty of 20 years in federal prison and a fine up to $250,000 on each of the conspiracy counts, and a maximum penalty of five years and a fine up to $250,000 on the bankruptcy fraud count.

As part of the conspiracy, McAllister embezzled funds from a client that he had agreed to hold in trust in an interest-bearing account, Grissom’s news release said. He transferred the stolen funds into accounts he and another conspirator controlled and into an account belonging to a title company. Part of the money was applied to a down payment on the Clark residence.

To cover up the fact McAllister had embezzled client funds, he prepared a series of phony bank statements to give the impression the clients’ money was safe and earning interest, according to the news release.

In March 2011, McAllister filed a Chapter 11 bankruptcy petition, containing materially false information, with intent to conceal the fact he was attempting to cause the bankruptcy court to transfer money he had previously embezzled, the press release said. McAllister was disbarred in July 2011.

Heather Draper covers banking, finance, law and the economy for the Denver Business Journal and writes for the "Finance Etc." blog.

Last edited by Donald E. Pauly; May 28th, 2012 at 12:38 AM. Reason: typo