US Atty Claims Gryphon's Lawyer Part Of $17.5M Scam

Law360, New York (June 9, 2010, 11:38 AM EDT) -- Prosecutors asked a federal court Wednesday to disqualify a defense attorney for accused Staten Island, N.Y., securities fraudster Kenneth Marsh, arguing that the lawyer was a participant in the $17.5 million scheme.

Kim Flotteron, an attorney at Jaffe & Falk LLP, helped Marsh and his investment company Gryphon Holdings Inc. bilk investors in the scheme, U.S. Attorney Loretta Lynch said in a brief filed in the U.S. District Court for the Eastern District of New York.

In the Second Circuit, a lawyer implicated in a criminal...
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