- On 15 Jun 2013
in
San Jose Real Estate Lawyer Robs Clients of Over $860,000!,
Oxygen said:
A San Jose attorney was sentenced to state prison Thursday on charges he embezzled more than $860,000 from a client in 2011, according to the Santa Clara County District Attorney's Office.
Judge Daniel Nishigaya sentenced David Halpern, who practiced family and bankruptcy law, to four years and four months following his no contest plea on May 22, the district attorney's office said.
Nishigaya also sentenced Halpern to three years of supervised parole after he gets out of prison, prosecutors said.
Halpern had pleaded to two counts of grand theft with an "excessive taking" enhancement involving a theft of more than $500,000, prosecutors said.
The case was the result of an investigation by the district attorney's office into Halpern's law practice that began in October 2012.
The office found that Halpern had transferred to his personal bank account all of the funds held in a trust account for a client, prosecutors said
The client, Charles Jok, had retained Halpern in early 2011 to handle Jok's divorce case, prosecutors said.
Jok and his then-wife Angela had been married for 10 years and had bought a home in San Jose in 2005 by using proceeds from the sale of their separate residences and the rest of their life's savings for a down payment, according to prosecutors.
By 2011, the home's worth stood at $1.2 million and was by far the couple's biggest asset, prosecutors said.
The
Joks decided to sell the home and place the net sale proceeds, $860,071.41, into an account and figure out how to split the revenue during the divorce case, prosecutors said.
They entrusted the funds to Halpern, who placed it into the trust account but immediately started making large withdrawals completely unrelated to the divorce proceedings, prosecutors said.
Halpern used the couple's funds to subsidize his failing law practice and maintain a comfortable lifestyle until the money was gone eight months later, prosecutors said. - On 7 Jun 2013
in
NSA's PRISM: Direct Access to ISPs, no warrant or FISA needed,
Oxygen said:
cloud computing. lol
- On 3 Jun 2013
in
Foreclosure Auction Scams Face Federal Crackdown,
Oxygen said:
sickening
- On 2 Jun 2013
in
Sweden Housing Crash Coming Up; Average Swede to Repay Mortgage in 140 Years,
Oxygen said:
we should do that. stretch out the loan term so that affordability goes up, which means more disposable income to spurt the economy.
....just kidding
- On 28 May 2013
in
44% owners stuck @ home.,
Oxygen said:
"In regions particularly hard hit by the housing bust, including California, Florida, Arizona and Nevada, "there has been a negative equity feedback loop, as regions with high negative equity have experienced acute inventory shortages brought on in part by locked-in underwater homeowners, and these shortages in turn have produced home value appreciation spikes, which have been reducing negative equity at a fast pace," according to Zillow."
It's pretty comedic to see these things happen with a detached interest.
- On 27 May 2013
in
Youve Been Scammed - Yahoo! Finance The College Industrial Complex,
Oxygen said:
I got lucky when i decided not to let my ego decide which college to attend. Went to a state school instead, and made out nicely. however, some other friends went to pvt school and made out even nicer than i did. they had more up-market luck than i did.
- On 25 May 2013
in
The Housing Market Gets Bubbly Again,
Oxygen said:
money quote:
The real test
Those types of distortions are what may be causing another bubble. It may not be apparent now, but the test will be what happens if interest rates rise by 2 or 3 percentage points, which many economists think is likely during the next several years. - On 24 May 2013
in
What kind of Asian are you?,
Oxygen said:
"pasty programmer with an Asian fetish."
i was expecting "beta male provider with Asian fetish"
- On 24 May 2013
in
Will It Be Inflation Or Deflation? The Answer May Surprise You,
Oxygen said:
hyperstagflation, then deflation
- On 24 May 2013
in
House Supply Limited by Americans Lacking Equity to Sell,
Oxygen said:
One of my neighbors, a 72 year old man, he came up to me a few weeks ago and told me that the patrick.net bumper sticker I have on my Chevy is so right.
i didnt get a bumper sticker
- On 21 May 2013 in Selecting a good investment advisor, Oxygen said:
- On 12 May 2013
in
Canada's Housing Market, The Next Big Short?,
Oxygen said:
ray charles couldve seen it coming.
- On 12 May 2013
in
Can a startup finally fix the nightmare of renting an apartment in NYC?,
Oxygen said:
westchester pays out the ass too.
- On 4 May 2013
in
California adds another Stockton,
Oxygen said:
Thread title is misleading since I was expecting the article to be about another municipal bankruptcy.
very.
http://fox2now.com/2013/04/01/stockton-california-goes-bust/
- On 3 May 2013
in
Do a 15yr or 30yr refi?,
Oxygen said:
refi 40 years
- On 30 Apr 2013
in
Shiller says house prices to be stagnant for next 10 years,
Oxygen said:
finance course on iTunes University
free?
- On 30 Apr 2013
in
Here We Go Again - Builders Hold Lotteries for Right to Buy a House,
Oxygen said:
more bullshit that doesnt represent any meaningful part of the housing market
- On 28 Apr 2013
in
The Pension Loan scam,
Oxygen said:
came out a few days ago
- On 25 Apr 2013
in
Everything Is Rigged: The Biggest Price-Fixing Scandal Ever,
Oxygen said:
Matt Taibbi is the man.
- On 23 Apr 2013
in
Student Debtors Under 30 Are Shying Away From Buying Homes, Cars Consumerist,
Oxygen said:
I still drive my 2003 G35 Coupe with 150k+ miles on it. My mechanic says it will go 300,000 miles. Just took it to Vegas an back.
zactly. except i would never drive a g35. shouldve gotten a 330i.
- On 21 Apr 2013
in
Sweet sorority girls,
Oxygen said:
Ah college, it's all about socialization and status, isn't it?
she takes the MRS degree seriously!
- On 1 Apr 2013
in
Car purchase question(s),
Oxygen said:
just take it to the other insurance company's assessor and have them cut u a check for the assessed amount. then keep the check and dont do the repairs, sell it to the janitor.
if you feel assessed damage check is too low, then u can appeal with proof on why it is worth more.
- On 1 Apr 2013 in Is the future looking bright?, Oxygen said:
- On 1 Apr 2013
in
Is the future looking bright?,
Oxygen said:
preaching to the choir
- On 28 Mar 2013
in
Chinese Mother buys $6.5 MIL condo in Manhatten for 2 year-old,
Oxygen said:
i aint even mad