The THE NEW YORK LAW JOURNAL reports Arsten took a plea bargain that would cut his sentence to 4 to 12 years. He was originally accused of embezzling $10.7 million. When that was discovered he fled to Hong Kong.
The amazing thing is that, by how some define "Millennials," Arsten is, at age 34, in that category. Yet in his brief life he was certainly a busy guy. He used what he took for everything from investments to the good life.
This happens so frequently that one wonders why clients trust lawyers with their escrow accounts?