Leonard Samuel DeFranco, a disbarred lawyer from Illinois, was sentenced to six years in prison after using his girlfriend's personal information to fraudulently obtain $82,700 in bank loans. His acts of fraud extended beyond personal gains; he misappropriated over $161,608 from clients in a deceptive sale of a business and took out a loan from a client to cover another client's money, failing to follow necessary legal safeguards. The review board highlighted the lack of evidence showing his potential for ethical legal practice in the future, marking a strong indication against his return to law.
A disbarred Illinois lawyer has been sentenced to six years in prison for using his then-girlfriend's identifying information to obtain four bank loans totaling $82,700.
Fraud might make for short-term gains, but the returns over time go to the dumps quick if and when you get caught.
The record contains almost no evidence demonstrating that [DeFranco] is likely to practice law in an ethical manner in the future.
DeFranco misappropriated $161,608 in client funds from the sale of a business... he obtained a $180,000 loan from a client to repay the client money without complying with required safeguards.
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