David Saks: Disbarred Attorney Sentenced for Stealing Client Funds

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Disbarred Attorney Sentenced for Stealing Client Funds

Disbarred Attorney Sentenced for Stealing

Client Funds

U.S. Attorney’s Office June 26, 2014
  • Northern District of Georgia (404) 581-6000

ATLANTAThomas W. Dickson has been sentenced for stealing over $300,000 from his law firm’s clients.

“When Dickson stole over $300,000 of his clients’ money, he violated the law,” said United States Attorney Sally Quillian Yates.

According to United States Attorney Yates, the charges and other information presented in court: In December 2008, while employed with a large Atlanta, Ga., law firm, Dickson was retained by Tenants In Common (TIC), owners of commercial real estate purchased through DBSI Inc., an Idaho based company. DBSI sold TIC investments or fractional ownership interests in commercial real estate to investors across the country.

In November 2008, DBSI filed bankruptcy and many of the investors lost their life savings.

In December 2008, several TIC property owners retained Dickson to represent their interests in the bankruptcy action.

In 2009, Dickson encouraged TIC owners to transfer rents and other income into his law firm’s trust account.

Between February 24, 2010, and January 6,

2012, Dickson fraudulently directed his

law firm’s accounting department to

unlawfully transfer over $300,000 from

the law firm’s trust account to a checking

account controlled by Dickson and his

wife.

Dickson led the firm’s accounting department to believe that the funds were being transferred on behalf of TIC clients to pay legitimate third party expenses.

In March 2013, Dickson was disbarred by

the Georgia State Bar.

Dickson, 53, of Boulder, Colo., has been sentenced by United States District Judge Willis B. Hunt, Jr., to 12 months and one day in prison to be followed by three years of supervised release, with the first six months of supervised release to be served in home confinement, 120 hours of community service, and ordered to pay restitution in the amount of $175,951.98. Dickson pled guilty to wire fraud on August 14, 2013.

This case was investigated by the Federal Bureau of Investigation.

Assistant United States Attorney Jeffrey A. Brown prosecuted the case.

For further information please contact the U.S. Attorney’s Public Affairs Office at USAGAN.Presse-mails@usdoj.gov or (404) 581-6016. The Internet address for the home page for the U.S. Attorney’s Office for the Northern District of Georgia Atlanta Division is http://www.justice.gov/usao/gan/.

http://www.fbi.gov/atlanta/press-releases/2014/disbarred-attorney-sentenced-for-stealing-client-funds?utm_campaign=email-Immediate&utm_medium=email&utm_source=fbi-in-the-news&utm_content=331861




David Saks



Time&Temp Memphis

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Comment balloon 2 commentsDavid Saks • June 27 2014 08:31AM

Comments

How sad that people put their trust in this man

Posted by Hannah Williams, Expertise NE Philadelphia & Bucks 215-953-8818 (Re/Max Eastern inc.) over 5 years ago

There are lot's of attorneys in prison, or wating to be tried, for the same crimes, Hannah. They steal escrow and trust funds all the time.

Posted by David Saks ((retired)) over 5 years ago

This blog does not allow anonymous comments