Ex-Dewey Budget Head Says He Gamed Firm Expenses

Law360, New York (June 30, 2015, 8:23 PM EDT) -- The former budget director at Dewey & LeBoeuf LLP on Tuesday told a Manhattan jury he helped Dewey defraud the firm's lenders and investors by reclassifying expenses as income and other tricks at the direction of the firm's former chief financial officer, Joel Sanders.

Sanders is on trial alongside former Dewey Chairman Steven Davis and Executive Director Stephen DiCarmine on fraud and larceny charges for orchestrating a plan to fool banks and investors into believing the firm was in fit financial shape in the wake of the global financial crisis.

Ilya Alter, Dewey's former director of budgeting and planning, testified that...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!