Former Lindquist & Vennum Attorney Sentenced for Embezzling $2.5 Million from His Clients and the Firm
U.S. Attorney’s Office November 02, 2010 |
An attorney from one of the Twin Cities’ best-known law firms was sentenced earlier today in federal court in Minneapolis to embezzling approximately $2.5 million from his clients and the firm. United States District Court Judge David S. Doty sentenced Michael Scott Margulies, age 57, of Minneapolis, to 78 months in prison on one count of wire fraud. Margulies was charged on May 26, 2010, and pleaded guilty on June 8, 2010.
Margulies was a partner at the Lindquist & Vennum law firm in Minneapolis, where he worked from 1987 until he was fired, after the firm discovered the embezzlement earlier this year. In his plea agreement, Margulies admitted that from 1994 through 2010, he embezzled approximately $2.5 million through false documentation, including fraudulent expense reports and invoices, as well as forged checks.
This case was the result of an investigation by the Federal Bureau of Investigation. It was prosecuted by Assistant U.S. Attorney Joe Dixon.