Criminal Justice

Former Federal Prosecutor Accused of Raiding Law Firm Account

A former federal prosecutor has been indicted in Massachusetts on charges that he stole at least $150,000 from a bank account for his former law firm.

Philip Giordano, 49, will be arraigned Jan. 15 in Suffolk Superior Court on “multiple charges of larceny and making false entries in a corporate book,” following his indictment by a Suffolk County grand jury, according to the Boston Herald.

The prosecution says Giordano “paid himself thousands of dollars worth of compensation checks” and used a debit card to withdraw cash and pay personal expenses with money from a Giordano, Champa & Powers bank account between 2002 and 2004, the newspaper writes.

Giordano reportedly is no longer practicing there, and now specializes in corporate and securities law at Giordano & Co.

A 1983 graduate of Syracuse University College of Law, he worked as an assistant U.S. attorney in New Jersey from 1986 to 1991, and also is a former staff attorney for the U.S. Securities and Exchange Commission.

He was not immediately available for comment, the Herald says. (Hat tip: Universal Hub.)

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