Steven Davis, Stephen DiCarmine, and Joel Sanders – the former chairman, executive director, and chief financial officer at the now-bankrupt law firm Dewey & LeBoeuf LLP – have been indicted in Manhattan.
Also indicted was Zachary Warren, a former client relations manager at the firm.
The indictment alleged that the defendants defrauded and stole from the firm’s lenders, investors, and others.
The Securities and Exchange Commission, after conducting its own parallel investigation, also brought charges in the case.
Davis, DiCarmine, and Sanders were charged with Grand Larceny in the First Degree, Scheme to Defraud in the First Degree, Martin Act Securities Fraud, Falsifying Business Records in the First Degree, and Conspiracy in the Fifth Degree. Warren was charged in two indictments with Scheme to Defraud in the First Degree, Falsifying Business Records in the First Degree, and Conspiracy in the Fifth Degree.
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