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Conference 7.286::digital

Title:	The Digital way of working

Moderator:	QUARK::LIONELON

Created:	Fri Feb 14 1986
Last Modified:	Fri Jun 06 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	5321
Total number of notes:	139771

2942.0. "fyi: Lawyer sentenced in DCU fraud case" by NECSC::BIELSKI (Stan B.) Wed Mar 16 1994 17:35

      Newton lawyer gets 10-year prison term in credit union fraud
         (by John H. Kennedy  -  Boston Globe March 16, 1994)

   A Newton lawyer convicted in the massive fraud that pushed the Barnstable
Community Federal Credit Union into insolvency was sentenced to 10 years in
prison.

   US District Judge William Young told Robert Cohen that he violated the 
trust of his clients, the Barnstable credit union and the Digital Employees
Federal Credit Union, and became "house counsel to massive fraud".

   Young, however, called Cohen "a continuing enigma" who was praised for
service to his community, but "could have frustrated" the scheme had he done
his duty as a lawyer.

   Cohen, who has been suspended from practicing law after more than 30 years,
and three other men were convicted last July of conspiracy, bank fraud and
money laundering.

   Cohen, 58, was accused of preparing documents that concealed from auditors,
examiners and officials that the three other men were recipients of the loans.

   The two central figures in the scheme were James K. Smith, a prominent 
Cape builder, whjo was sentenced to 15 years in prison last month, and 
Richard D Mangone, former president of the Digital credit union and cofounder
of Barnstable, who failed to appear at his sentencing and is at large.

T.R	Title	User	Personal Name	Date	Lines
2942.1		SNELL::ROBERTS	Spring cleaning at the Whitehouse	`Wed Mar 16 1994 17:46`	8
	re: Mangone if he's "at large" then his last name fits like a glove. Gary
2942.2	very apt name	CSC32::K_BOUCHARD		`Wed Mar 16 1994 19:37`	9
	.1� re: Mangone .1� .1� if he's "at large" then his last name fits like a glove. I was sittin' here trying to figure that out. Then it hit me: "Man-gone" clever... Ken
2942.3	Man-Gone, but not forgotten	AIMHI::KERR	No Wonder it Doesn't Work, It's Broke	`Thu Mar 17 1994 09:46`	4
	Cute! But just how large is he anyway? :^)
2942.4	Caymens anyone?	POBOX::BATTIS	Who are those guys??	`Thu Mar 17 1994 12:06`	5
	Probably laughing all the way to the Caymen's with millions of $$$$$. Mark
2942.5		TOOK::MORRISON	Bob M. LKG1-3/A11 226-7570	`Fri Mar 25 1994 10:20`	5
	Re Mangone at large: another example of the Mass. justice system at work. He should have been held without bail, but you'll never see that happen in MA except for murder and the like. I agree with .0; he is probably out of the country and therefore out of reach of the law.
2942.6		SNELL::ROBERTS	Spring cleaning at the Whitehouse	`Fri Mar 25 1994 12:46`	2
	oh... I donno, he may have found a job with the Clinton Administration.
2942.7	New Governors...	CSC32::D_ROYER	U breaka my Karma, I tucha U face	`Fri Mar 25 1994 15:05`	6
	Nope, not with Clinton, the rumor is that he is behind the Bush Brothers for elections. And also that he is financially advising Ross Perot. Dave
2942.8	Hm, maybe my notebook got bollixed	VMSSPT::STOA::CURTIS	Dick "Aristotle" Curtis	`Sun Mar 27 1994 14:33`	5
	.last couple: I would have sworn I opened HUMANE::DIGITAL, not PEAR::SOAPBOX. Dick
2942.9	Federal or State crimes??	ROWLET::AINSLEY	Less than 150 kts. is TOO slow!	`Mon Mar 28 1994 18:25`	6
	re: last few before Dick: .0 refers to a District Judge. Doesn't that mean it was a Federal rather than State court, making the location in Mass. irrelevent? Bob
2942.10		CADSYS::RITCHIE	Gotta love log homes	`Tue Mar 29 1994 11:30`	11
	Re: .9 You must have been referring to .5, which said: >> Re Mangone at large: another example of the Mass. justice system at work. You are correct. The case is being tried in Federal Court (US District Court means Federal Court, Massachusetts district). Elaine