Ex-Nixon Peabody Lawyer Gets Seven Years in Ponzi Scheme

, The National Law Journal

   | 1 Comments

Former Nixon Peabody securities partner David Tamman was given a sentence much closer to the federal government's requested eight years than a request by his lawyers for three years and one month.

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What's being said

  • Nick Thomas

    Commenting on behalf of the Lawyer Independence Project (www.lawyerindependenceproject.com), I can only scratch my head over the story regarding big-firm attorney David Tamman and his fall from grace for affirmatively covering up the actions of a Ponzi-scheme wielding client.

    Where is the vicarious liability for his firm, Nixon Peabody? Was there even an investigation regarding the knowledge of his partners per Model Rule 5.1(c)(2)? And if there was no knowledge on the part of his ?business partners,? isn?t that professional negligence?

    Law firms endlessly tout the benefits of their collegiality and interdisciplinary ?team? approach when it comes to pitching potential clients, but when things turn sour, the collective refrain is, ?I had no idea what that guy was doing. I barely knew him.?

    Nick Thomas is a lawyer, mediator, and the founder of the Lawyer Independence Project.

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