A bankruptcy lawyer from Jackson, MS is heading to prison after being convicted of defrauding his bankruptcy clients out of thousands of dollars.
John Allen was sentenced to serve 32 months in federal prison after he pleaded guilty to the fraud-related charges.
According to prosecutors, the 61-year-old bankruptcy attorney would get money from his clients and directly deposit it into his trust account.
He then would tell his clients that the money was used to “minimize their debts” and “satisfy creditors". Later he would transfer the funds from his trust account right into his personal account.
Allen practiced law in Mississippi since 1980 until he was disbarred in 2007. Many people seeking to file bankruptcy became unfortunate victims of his manipulations and fraud.
This shocking story of bankruptcy negligence and abuse shows just how important it is to have a bankruptcy lawyer on your side that you can trust.
Tags: bankruptcy, bankruptcy laywer, file bankruptcy
This entry was posted on Friday, November 7th, 2008 at 10:47 am and is filed under Bankruptcy Courts. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.