Yesterday, the Manhattan D.A.’s office brought shocking criminal charges against three of the former leaders of law firm Dewey & LeBoeuf LLP. The Dewey firm went under in 2012 after over a century in business. Manhattan D.A. Cyrus R. Vance, Jr., announced the indictments of Steven Davis, Stephen DiCarmine, and Joel Sanders, who were, respectively, the chairman, executive director, and CFO of the firm. The criminal indictment alleges that the defendants defrauded and stole from the firm’s lenders, investors, and others, and charges the men with grand larceny in the first degree, scheme to defraud in the first degree, Martin Act securities fraud, falsifying business records in the first degree, and conspiracy in the fifth degree.
