Biglaw

Former Biglaw Partner And 'Prolific Money Launderer' Sentenced To 7 Years In Jail

The prosecution says he funneled $2.1 million through various accounts, including attorney trust accounts.

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Raymond Ho became a partner at Arent Fox at just 33 years old and worked at numerous prestigious law firms before opening up his own IP firm. But that illustrious page of his legal career is well over. In October, Ho pleaded guilty to money laundering and conspiracy to commit money laundering — the prosecution said that he funneled $2.1 million through various accounts, including attorney trust accounts.

According to the sentencing memorandum filed by the government in the case — which referred to Ho as a “prolific money launderer” — Ho’s legal credentials were just a front for an elaborate money laundering scheme:

“Raymond Juiwen Ho seemingly had it all,” the sentencing memo said. “After emigrating from Taiwan at a young age, he excelled in U.S. schools, earned two legal degrees, practiced law at some of the largest law firms in the country, and even opened his own patent law firm.

“The defendant, however, was not the upstart attorney his résumé would suggest. Rather, from at least March 2013 to February 2017, the defendant engaged in a large-scale money laundering scheme.”

As reported by ABA Journal, Ho’s attorneys revealed his troubles began before he embarked on the money laundering scheme. After his annual compensation took a hit, he began looking for a side hustle. His attempts at making additional money included: raising eels for export, tuna fishing, brokering the sale of distressed banks, selling train rails for scrap metal, recycling copper, and brokering the sale of a Chinese restaurant in Maryland.

Unfortunately, none of these were successful, and his lawyers say he tried serving as a paymaster when he got caught in the fraudulent scheme:

The only venture that was successful was serving as paymaster by holding funds as a disinterested party. In 2013, he was introduced to a person known as “Chief Onwa,” though Ho never met him in person. Chief Onwa asked Ho to cash two checks. Ho deposited the checks and wired the money to Onwa before finding out they were fraudulent.

In a bid to recover the money, Ho “foolishly agreed to facilitate additional transactions” for Chief Onwa, the court document said. “Before long,” Ho’s lawyers wrote. “Ho became involved in a set of fraudulent schemes that was larger than he could have ever anticipated.”

On Friday, Judge Leonie M. Brinkema sentenced Ho to seven years in prison, saying the harsh term was appropriate for “somebody with your level of education and understanding of the law.”

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headshotKathryn Rubino is an editor at Above the Law. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).

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