Former Biglaw Partner Admits Bankruptcy Fraud in Guilty Plea

Former Biglaw partner, John Roesser, has pleaded guilty to making false statements and submitting falsified records in his personal bankruptcy case. Roesser, who had a substantial income and tax obligations of over $3.8 million, allegedly failed to pay his taxes and resigned from the New York bar after misappropriating client funds. He filed for Chapter 11 bankruptcy and falsely claimed he was about to receive $10 million to pay his tax debts. Roesser now faces up to five years in prison and will be sentenced in January.