1.877.201.9030

Call now: 1.877.201.9030
or Text us: 416.402.8507

Our News

Richard Shekter featured on AdvocateDaily.com: Lawyers held to a higher legal standard

May 23, 2018

It’s not surprising that a disbarred lawyer was sentenced to a significant jail term for his role in a $1.5-million small-business-loan fraud, Toronto litigator Richard Shekter tells Law Times.

“Lawyers, like police officers, hold special positions in society,” Shekter, partner with Shekter Dychtenberg LLP, further tells AdvocateDaily.com.

“They are pledged to apply and uphold the law. As a result, transgressions are often dealt with more harshly by the courts."

In addition to seven years in jail, Ontario Superior Court Justice Nancy Spies ordered the lawyer to pay almost $800,000 in combined restitution and fines in lieu of forfeiture, says Law Times.

According to Spies’ April 12 decision, the 62-year-old lawyer and a co-accused were convicted of five counts of fraud over $5,000 and one count of money laundering. They were also found guilty of “committing the frauds for the benefit of or at the direction of a criminal organization they formed with a third person who earlier pleaded guilty,” says the article.

According to the decision, the three obtained fraudulent loans under the federal government’s Canada Small Business Financing Program. The trial focused on 16 loans made between 2007 and 2010.

Spies also determined that the lawyer “took a leading role in laundering the proceeds of the fraud as signing officer for a number of construction companies that provided borrowers with fraudulent invoices to present to the lenders for payment,” says the article.

To read more, click here

Related Information

After an auto accident that left me injured, confused and frightened, I had the good fortune to be given the name of Alden Dychtenberg, my hero. Alden reassured me not to worry as he had the experience and knowledge to ensure that all my needs and concerns would be addressed by his firm. With Alden on my side, I could sleep at night.

Alden is now helping a friend through her dilemma. She now feels safe in knowing that Alden and his legal team, with their years of legal experience and knowledge, will be her strength to get through this ordeal.

Vera Hall

Shekter Dychtenberg LLP Footer Logo

You don’t pay unless we win
1.877.201.9030

Suite 2900, 390 Bay Street, Toronto, ON, M5H 2Y2 | T. 416.941.9995 | F. 416.869.0321
©2012 Shekter Dychtenberg LLP. All rights reserved.

Legal Disclaimer

Law firm marketing | Cubicle Fugitive