Lawyer gets prison time for secretly using client cases as collateral to obtain litigation funding
A disbarred California lawyer has been sentenced to five months in jail for forging the signatures of personal injury clients so he could use their cases as collateral to obtain litigation funding.
U.S. District Judge Roger Benitez sentenced lawyer Todd Macaluso on Monday, report the San Diego Union-Tribune and 10News. Saying he wanted to “hit Mr. Macaluso in the pocketbook,” Benitez also ordered the lawyer to pay a $100,000 fine and $150,000 in restitution to LGL Funding.
Macaluso pleaded guilty to wire fraud in the case in April for forging signatures of clients and notaries to obtain the financing.
Macaluso was among the lawyers who represented Casey Anthony, the Florida mom who was acquitted of murdering her 2-year-old daughter.