The Nevada State Supreme Court has formally disbarred the longtime Las Vegas estate lawyer Robert Graham, who admittedly embezzling millions of moneys from his clients.
In a four-page document filed on Monday, September 11, the chief and associate justices of the Nevada Supreme Court said that the disbarment was irreversibly permanent, and they directed Graham to shell out money and pay $17.2 million compensations to the victims as well as a $1 million fine.
“Because the amount of misappropriated client funds is staggering and Graham exploited vulnerable people, disbarment is the only appropriate discipline,” the Nevada State Supreme Court justices wrote on the document.
Graham, who is in custody of the Clark County Detention Center, pleaded guilty last Thursday in District Court for five felony counts, including theft and exploitation of vulnerable people most of whom depended on financially on trust funds he supervised, while hesitantly admitting he embezzled more than $16 million.
The 52-year-old Graham faces a 16 to 40 prison years and will be sentenced on January 11.
At a disciplinary hearing last March, a prosecutor with the State Bar of Nevada recommended seizing Graham’s license, alleging his embezzlement topped $17 million over the past 10 years.
The Supreme Court concluded that the Nevada State Bar had settled its case.
The State justices learned that he exhibited egocentric intentions, declined to concede his wrongdoings and did not care about making restitution.
Graham was charged by a county grand jury in associated with the stealing in January.
Graham stealthily stole an average of $187,000 per month from his client funds over the several to a special bank account to fund his law firm and dish out personal bills.
Additionally, the indicted lawyer used his client funds to pay $244,000 in his professional taxes and $700,000 per annum in advertisement expenses for his law firm. Graham also used the stolen funds to make thousands of dollars more in charitable donations to numerous non-profit organizations, including the Church of Jesus Christ of Latter-day Saints and Boys Town of Nevada, the document reads.
Eric Hawkins of the Church of Jesus Christ of Latter-day Saints in Salt Lake City issued a statement back in January claiming that the church would turn over any donations that may have been donated to them fraudulently.