Manhattan Attorney Pleads Guilty to Theft of $2.6M From Clients Trust Accounts

Yesterday, the Manhattan District Attorney's Office reported that Paul Richard Karan, age 81, had pleaded guilty to grand larceny from multiple families trusts accounts. He admitted stealing over $2.6 million dollars from his unsuspecting clients who trusted him. Manhattan DA Cyrus Vance Jr. stated that Karan "systematically drained his victim's trusts and estates funds over a period of more than a decade". Karan used the money to pay personal expenses, vacations and country club dues.

The first client who became aware of the theft reported Karan to the First Department's Grievance Committee who ordered the immediate suspension of Karan's license to practice law in February 2017 when he refused to rebut the charge of theft relying on his fifth amendment rights. He was disbarred in November 2017 when he again refused to cooperate with the Grievance Committee. He will be sentenced in March and is looking at up to 6 years in prison. New York maintains a Victims Compensation Fund that Karan's victims can apply to, in the highly likely event that he lacks the funds to repay his client's. The Victim's Compensation Fund is funded by a mandatory fee imposed on every lawyer in New York State when they renew their bi-annual registration.This fund was specifically targeted to benefit the victim's of attorney misconduct where their is no insurance coverage or personal assets available to compensate the client.

Ronald C. Burke, Esq

Trial Attorney with 30+ Years of Experience Attorney Ronald C. Burke, Esq. has more than 30 years of experience and has focused his career on representing clients in cases involving personal injury, medical malpractice and legal malpractice. He is a seasoned trial lawyer and has won many seven-figure settlements and verdicts for his clients over the years, including many case victories listed among the largest in the history of the New York State. He has been featured in the news and is a regular lecturer for the New York County Lawyers Association, as well as having lectured before the New York State Bar Association. Ron is also an attorney with Kelner & Kelner, a New York personal injury law firm. Awards and Accolades Mr. Burke's awards and accolades are many. Among them, he has been included in New York Super Lawyers® each year since 2010, and he has received the highest-possible AV® Rating from Martindale-Hubbell®. Verdict Search, a part of the New York Law Journal, frequently recognizes his notable successes after winning some of the highest settlements and verdicts in past years. He was also featured in their list of the "Top New York Verdicts " and "Top New York Settlements." He is a member of the New York State Bar Association and is licensed to practice law in the U.S. District Court for the Southern and Eastern Districts of New York, as well as before the United States Supreme Court. When Attorney Burke is not handling legal malpractice cases, he is highly involved in the local community. He was a member of the Village of Rockville Centre Volunteer Fire Department, has served on the local school board and as Chairman of the local Zoning Board. Learn more about Attorney Burke and how he can skillfully handle your malpractice case by contacting the Law Offices of Ronald C. Burke, Esq. right away to schedule your complimentary case evaluation. Our firm is here to help! Contact a New York Legal Malpractice Attorney Our firm provides each client's case with thorough preparation and aggressive representation, ensuring that you win the best possible results for your case whether it is settled or goes to trial. As a seasoned trial lawyer, Mr. Burke can provide the strong and relentless representation you need to establish negligence in a legal malpractice case and to recover any damages you may have suffered. Our firm can recover compensation for pre-trial and trial malpractice, violations of fee arrangements, loss of income, pain and suffering, and much more. Contact us today!


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