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Lawyer's gambling with client funds came up lemons
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A disbarred New Jersey lawyer is headed to state prison for 15 years for blowing $4 million of his clients' money in Atlantic City.
Michael P. Rumore, 50, who ran his law practice from the basement of his Lyndhurst home, was supposed to use the money for real estate closings.
However, his lawyer said "not a dime of it went anywhere else" but the slots in seaside casinos.
Rumore suffers from bipolar disorder and depression, said the attorney, Anthony P. Alfano.
Like all gambling addicts, Rumore always believed he could "hit the big one and pay it back," Alfano said.
Rumore surrended his law license and was disbarred last fall as part of his January guilty plea in Superior Court in Hackensack to money laundering and theft.
Although a state judge ordered him Friday to pay more than $6.2 million in restitution, but Alfano says he doesn't have it.
Rumore pleaded guilty in January to charges of money laundering and theft.
Depending on certain circumstances, he could be released in three years.
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