Disbarred Atty Gets 5 Years For $5M Investment Fraud

Law360, New York (February 24, 2016, 2:24 PM EST) -- A Las Vegas federal judge sentenced a disbarred California lawyer on Tuesday to five years behind bars for his role in a $5 million investment scheme he and his Swiss co-conspirators dubbed Malom, an acronym for "Make a Lot of Money."

U.S. District Judge Kent J. Dawson handed down the sentence for Joseph Micelli's involvement in the Malom Group AG scheme. The U.S. Department of Justice claims Micelli lied to investors, telling them Malom would use their funds to tap into lucrative investments, and bolstered investor confidence by saying he was a lawyer even though he had been disbarred. Judge Dawson...

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