Attorney admits to stealing $10M from clients: DA

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By Ivan Pereira

A Manhattan lawyer who stole millions from his clients to pay for gifts and strippers pleaded guilty to grand larceny and other charges Tuesday.

Douglas Arntsen, 34, agreed to pay back the more than $10 million he swindled from two companies while he worked at Crowell & Moring, a law firm, and faces between four to 12 years in prison, the Manhattan district attorney’s office said.

Arntsen took money out of accounts from two of his clients, Doina Capital and Regal Real Estate, LLC, and used it to pay for restaurants, sporting events and strip clubs. When one of Regal’s employees confronted Arntsen about the thefts last year, he fled to Hong Kong.

He was ultimately arrested and extradited back to New York.


This entry was posted on Wednesday, October 3rd, 2012 at 6:52 pm and is filed under amNewYork, Breaking News, Crime, Print Articles. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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