Mitchell Kossoff was disbarred by the New York State Bar Association after pleading guilty in December to criminal charges stemming from the theft of millions of dollars in client funds.
Who is Mitchell Kossoff?
Kossoff, the former owner of the law firm Kossoff PLLC, pleaded guilty in New York County Supreme Court to grand larceny in the first, second, and third degrees, as well as scheming to defraud in the first degree.
Prosecutors said Kossoff stole more than $14.6 million from at least 35 people and companies, which he admitted to in his plea agreement, according to New York’s Appellate Division, First Department’s order disbarring Kossoff on Thursday.
In an email, Kossoff’s criminal defense attorney, Walter Mack, stated that the official disbarment was expected as a result of his client’s guilty plea, and that Kossoff had “tendered his resignation from the bar” a year ago.
According to the New York appellate court, Kossoff failed to respond to the court’s attorney grievance committee’s motion to disbar him.
According to prosecutors, Kossoff, a fixture in the New York real estate market, began transferring funds from his clients’ accounts in December 2017, using the money to support another family business and personal expenses.
This included spending an average of $16,000 per month on personal credit card bills and $19,000 per month to rent a luxury apartment in Manhattan.
Prosecutors have stated that Kossoff, 68, will be sentenced in April and could face a prison term ranging from four and a half to thirteen and a half years.
The Manhattan district attorney’s office did not immediately respond to a request for comment.