Atty Gets 42 Months For Bilking Venture Capital Fund

Law360, New York (July 10, 2012, 7:21 PM EDT) -- A federal judge on Monday sentenced a Philadelphia personal injury lawyer to 42 months in prison for his role in an alleged scheme to defraud a New York venture capital fund that financed his law firm.

A federal jury convicted Mikel Jones in November 2011 of using borrowed funds to pay for a range of personal expenses, including basketball tickets and credit card debt. U.S. District Judge Berle Schiller also ordered Jones to pay nearly $500,000 in restitution, according to the U.S. Attorney's Office for the...
To view the full article, register now.