David Lazarus of the Los Angeles Times has written a thought-provoking essay: do consumers have the right to know that the person with whom they are about to invest their money has previous convictions for white-collar crimes?
Lazarus’ article is about Lloyd Segal, 66, a former Los Angeles lawyer, who was convicted in state and federal courts of real estate-related fraud. Segal used the social security numbers of two strangers to lease properties in Bel-Air and Marina del Rey, but, according to prosecutors, never paid the rent. When the landlords began eviction proceedings, prosecutors said he filed for bankruptcy using the same stolen identities. For this, he was sentenced in L.A. Superior Court to over two years, which he served concurrently with a federal sentence of 18 months for filing false bankruptcy petitions.
At least one unhappy consumer has registered his/her thoughts about Lloyd Segal on RipoffReport.com.
Lloyd Segal resigned his attorney’s license with the California State Bar in 2003.
Read the original, illuminating article in the Los Angeles Times.