In a surprising development within the legal sector, the former Chief Financial Officer of McElroy Deutsch Mulvaney & Carpenter LLP has confessed to embezzling in excess of $1.5 million from the firm. This confession also includes admission of failure to pay appropriate income tax. This information was made public on Wednesday by Matthew J. Platkin, the Attorney General of New Jersey.
The explicit details of the case are a subject of ongoing investigations and hence are speculated to surface in due course of proceedings. The immediate implications of this admission on the firm and its operations along with the legal repercussions for the former CFO are yet to be determined and closely watched by professionals in the legal domain.
More details on the case and the confession can be found here.