Fly Eagles Fly
Many people dream of winning the lottery. I’m damn sure a couple of Biglaw lawyers are included in that bunch — few things break golden handcuffs like a major cash windfall. Until they lock you up again.
Of course, that economic imprisonment is metaphorical.
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Not so much for this lawyer.
A disgraced South Jersey attorney with a confessed gambling habit must spend the next four years in federal prison for conning an investor out of $2.4 million in a loan scheme involving supposed Philadelphia Eagles season ticket holders.
Admittedly, I do not know which Rule this violates off the top of my head. But I’m damned sure its one of them.
Frank N. Tobolsky, 60, of Cherry Hill told the Delaware investor that he was funding loans for clients using season ticket licenses as collateral, an indictment returned in U.S. District Court in Camden says.
U.S. Attorney for New Jersey Philip R. Sellinger said Tobolsky put a “substantial portion” of the $2.4 million toward personal expenses, some of which the indictment says was used at Atlantic City casinos.
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I know the pleasures of playing with someone else’s money. I’ve had a couple of casino runs where a friend spotted me a quick hundred. If I won, I’d pay back the principle and have a couple guilt-free Uber Eats meals. If I lost, we charged it to the game — there are times where money is a thing you play with. But YOUR CLIENT’S MONEY IS NEVER ONE OF THOSE TIMES! In addition to serving his debt to society in Fed, Tobolsky was also made to pay about $2M dollars in restitution. Now that is a lot of Eagles merch. Or 13 beers at the stadium. Pick your poison.
$2.4M Eagles Ticket Scam: Ex-South Jersey Lawyer Gets 4 Years In Fed Pen [Daily Voice]
Chris Williams became a social media manager and assistant editor for Above the Law in June 2021. Prior to joining the staff, he moonlighted as a minor Memelord™ in the Facebook group Law School Memes for Edgy T14s. He endured Missouri long enough to graduate from Washington University in St. Louis School of Law. He is a former boatbuilder who cannot swim, a published author on critical race theory, philosophy, and humor, and has a love for cycling that occasionally annoys his peers. You can reach him by email at [email protected] and by tweet at @WritesForRent.