Mitchell Olin Sentenced to Prison for Using Clients' Money for Costa Rican Casino Venture

By Matthew Hendley Fri., Jun. 17 2011 at 2:04 PM

zazzle.com

Mitchell Olin -- the former Broward attorney who jacked more than $380,000 from his clients -- was sentenced to eight years in the slammer yesterday.

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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Tags:

Broward State Attorney's Office, Costa Rica, Lawyer, Mitchell Olin

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Tonyadea64

Mr. Olin....I won't put my name out there but you defended me in one of the most noticed cases in That awful uptight Broward County. I would love to speak to you

Tonyadea64

Mr. Olin...if you see this posting please contact me at 248-629-5684....one of your clients. TM

lblf12

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Rothstein's_Private_Banker

Funny how his bank caught on and reported him, but Scott Rothstein allegedly laundered money and stole from his clients' trust accounts at Gibraltar Private Bank for years and Gibraltar NEVER reported him. I wonder why...? Especially since Rothstein transferring funds from client trust accounts to his personal accounts is obviously illegal and a sign of trouble.

Messedupcount

8 years for stealing 400k. No jail for killing two people. This county and the sentences are ridiculous.

erfer54

erfer54

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Parklandman

Hey i must have put the jinx on these fn lowlifes,ever since i started talking about sb lawyers, they been going down like dog shit,im looking for the wave of lawyers going down next week after rothstein leaves its going to be a tidal wave of shitbirds going bye bye, lol

Parklandman

Another shit bird bites the dust Double BULL YA ! lol lawyers going down fast these days,it couldn't happen to nicer people,keep em coming.

Parklandman

Lets hope they do and feel each and every inch of pain in the jail house has to offer,f this lowlife stealing shit bird,lets hope more shit happens to him in jail, and make it a lot longer then 8 years,its nice to see this sb go down BULL YA !