Atty Charged With $1M Litigation-Funding Kickback Scheme

Law360, New York (May 8, 2012, 9:09 PM EDT) -- A federal grand jury indicted a New York lawyer Tuesday on charges that he ran a kickback scheme that defrauded his former business partners in litigation-funding company Law Funder LLP out of about $1 million in bogus referral fees paid to a co-conspirator's company.

Prosecutors said Mathew Sheldon, 36, of Brooklyn, N.Y., had been charged with one count of conspiracy to commit wire fraud and eight counts of wire fraud. Each count is punishable by a maximum of 20 years in prison and a fine of...
To view the full article, register now.