Wednesday, October 21, 2020

Philly lawyer disbarred for money laundering in multimillion-dollar drug ring


A Philadelphia lawyer who was convicted on six counts of laundering money for a multimillion-dollar drug ring, was disbarred this week in Pennsylvania by the state’s Office of Disciplinary Counsel.

J. Michael Farrell, 65, currently is serving a three-year federal sentence in Philadelphia. His license to practice law has been suspended since 2017, when jury found him guilty on a total of 10 charges that also included witness tampering.

Federal prosecutors said that from 2009 to 2013, Farrell worked with the so-called “Nicka Organization,” a crime family based in Baltimore that distributed thousands of pounds illegal weed throughout the mid-Atlantic states.

A 2009 DEA raid on the group’s headquarters turned up 80 pounds of marijuana, 30 cell phones, and a ledger showing $14 million in marijuana sales. Evidence also implicated Farrell — who had an office at 7th and Arch Streets — with concealing the origin of the organization’s ill-gotten earnings.

- Advertisement -

During his 15-day trial, witnesses testified that Farrell deposited drug money into his own account and concealed its source; paid for legal representation for other conspirators; and bought and sent money orders to jailed members of the crime family.

The three alleged leaders of the drug organization — David D’Amico, of Baltimore; Matthew Nicka, of Baltimore; and Gretchen Peterson, of Kennett Square — pleaded guilty and were each sentenced to fewer than 10 years in prison.

Farrell is scheduled to be released from a residential reentry center in July 2020.

- Advertisement -
- Advertisement -


Germany issues international arrest warrant for founders of law firm at the centre of Panama Papers

Germany has issued international arrest warrants for the two founders of the firm at the centre of the tax haven scandal exposed by the...

Goldman to pay over $2 billion in DOJ’s 1MDB Probe

Goldman Sachs Group Inc. has reached a long-awaited pact with the U.S. Department of Justice to pay more than $2 billion for the bank’s...

Ex-managers of Security firm pleads guilty in Santa Clara County concealed gun permit bribery scandal

Two former managers of a Silicon Valley international security firm pleaded guilty Monday to charges related to a bribery scheme to obtain concealed firearms...

Ohio former House Speaker Larry Householder to stand for reelection amid bribery charges

Republican Rep. Larry Householder’s name will be on the ballot Election Day as the disgraced Ohio lawmaker intends to serve his district for another...

Billionaire Robert Smith to Pay $140 million after admitting to tax evasion

Billionaire Robert Smith will pay about $140 million and acknowledge wrongdoing to end a four-year U.S. tax investigation involving assets held in offshore tax...

Latest News

This Week

Cyprus House speaker quits amid passport for sale scandal

Cyprus’ parliamentary speaker has resigned after an undercover news report allegedly caught him on tape promising to help circumvent the country's rules on granting citizenship to foreign investors. Demetris...

Billionaire Robert Smith admits to evading taxes for 15 years

Billionaire Robert Smith has been hailed as a brilliant investor who built Vista Equity Partners into a private equity powerhouse and a generous philanthropist...

Former North Macedonia PM linked to new money laundering probe

The Organised Crime Prosecution in North Macedonia on Monday confirmed the arrest of Risto Novacevski – the best man of fugitive ex-prime minister Nikola...

Crown Resorts chairman Helen Coonan admits casino ‘enabled’ money laundering

Crown Resorts chairman Helen Coonan has conceded the casino giant facilitated money laundering at its Melbourne casino, but blamed it on "ineptitude" rather than...

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks