Mitchell Olin Sentenced to Prison for Using Clients' Money for Costa Rican Casino Venture
As a real estate and insurance claims lawyer for seven families, Olin took the money from a trust account belonging to the families and decided to start a casino venture in Costa Rica, according to the Broward State Attorney's Office.
In three of the seven cases, he actually forged checks made out to his own clients to cash them himself.
Olin's bank caught on to the oddities in the attorney-client trust fund and reported that to the Florida Bar.
In court, Olin entered an open plea on seven counts of grand theft and three counts of uttering a forged instrument.
Broward Circuit Judge Andrew Siegel handed down the sentence of eight years in prison, as well as 15 years' probation.
Olin is also ordered to pay restitution on the $380,000-plus he owes to the seven families and promised to help three of the families -- who are now going through foreclosure proceedings.
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