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    January 11th, 2010

    ♫ Everyone of them knew that as time went by
    They’d get a little bit older and a litter slower but
    It’s all the same thing, in this case manufactured by someone who’s always
    Umpteen your father’s giving it diddly-i-dee
    District was leaving, intended to pay for

    Number 9, number 9

    Who’s to know?
    Who was to know?…♫

    Lyrics and music by Lennon & McCartney, recorded by The Beatles.

    A bookkeeper of a San Francisco Medical Malpractice and Personal Injury firm Bostwick, Peterson & Mitchell was sentenced just before Christmas to 10 years in State Prison for stealing $9 million US from the firm since 2005 reported Legal Pad in a post on Jan. 6, 2010.

    He will go to prison for 10 years; his thefts took place over about 9 years. He stole $9 million; he was ordered to pay $8.7 million in restitution.

    Legal Pad stated:

    ‘While it’s mostly “water under the bridge,” said partner James Bostwick, it does offer some relief. “It took way too long, but of course it’s good to see him transferred from county jail to state prison.”

    Bostwick said the firm uncovered Thomas’ transgressions in 2005, when he started acting suspiciously during an audit of the firm’s finances. “He caused a lot of harm along the way,” Bostwick said. “He was a person we trusted for 10 years.” ‘

    Such stories make a rather convincing case for good law firm audits on law firm’s trust and general accounts. After all, in every year its all the same thing – a trusted person at the center – who’s to know without an audit?

    This entry was posted on Monday, January 11th, 2010 at 10:54 am and is filed under Firm Governance, Fraud and theft, Issues facing Law Firms, Law Firm Strategy, Trends. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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