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Ex-Crowell Associate Tells Sentencing Judge He Is ‘Consumed with Remorse’

Posted Oct 18, 2012 9:15 AM CDT
By Debra Cassens Weiss

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After a tearful apology, a former Crowell & Moring associate was sentenced Wednesday to four to 12 years in prison for stealing $10.7 million from clients.

Douglas Arntsen, 34, said he was “consumed with remorse,” the New York Law Journal reports. He had entered a guilty plea earlier this month in exchange for the prison sentence and an agreement to pay restitution.

Prosecutors say Arntsen spent the money on sporting events; restaurant meals; strip clubs; loans and investments; and the purchase of businesses for himself and others.

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