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Browse: Home / 2008 / October / 06 / Harold Vogel Sentenced to Three Months in Prison for Role in Lawsuit Kickback Scheme

Harold Vogel Sentenced to Three Months in Prison for Role in Lawsuit Kickback Scheme

By Securities Docket on October 6, 2008, 10:18 pm

Harold J. Vogel was sentenced Monday to three months in prison for allegedly accepting $2.5 million to serve as a plaintiff in a securities class action lawsuits, according to the AP.  He could have received as much as five years in prison.   Vogel pleaded guilty in April 2007 to one count of making a false declaration before a court.

Vogel was part of the larger case involving law firm Milberg Weiss.  The AP article states that “Milberg Weiss, now known as Milberg LLP, said former partners paid about $11.3 million in kickbacks to plaintiffs in cases that brought it roughly $239 million in legal fees.”

The judge who sentenced Vogel, U.S. District Judge John Walter, previously sentenced Milberg Weiss co-founder Melvyn Weiss to 30 months in prison for helping orchestrate the scheme. Weiss was also ordered to pay $9.7 million in forfeitures and $250,000 in fines, and pleaded guilty to a racketeering conspiracy charge in April.

Weiss’ former partner William Lerach is serving a two-year prison sentence and former partners Steven Schulman and David Bershad are both are scheduled to be sentenced later this year.

Read the AP article

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Posted in Criminal | Tagged Class Actions

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