Wednesday, June 10, 2015

Dewey & LeBoeuf Trial: Ex Controller Testifies: WSJ

Cross examination of Thomas Mullikin by defense attorney Andrew Frisch

Ex-Controller Testifies He Altered Dewey Accounting Records

story by Sara Randazzo

Years before Dewey & LeBoeuf LLP collapsed, the law firm’s accounting department scrambled to avoid trouble with its banks by making the firm’s income appear higher than it was, Dewey’s former controller told a jury Wednesday.
In January 2009, with just days to find a way to boost 2008 income by $25 million, members of the department used fraudulent adjustments to get the numbers where they wanted them, former controller Thomas Mullikin said during the third week of a criminal trial of Dewey’s three top leaders, accused of conspiring to defraud the firm’s banks and creditors.

Ex Controller Thomas Mullikan testifies at the trial of Steven Davis, Stephen DiCarmine and Joel Sanders  "Did you falsify accounting records to make it appear the firm’s financial condition was better than reality?” Assistant District Attorney Steve Pilnyak asked. “Yes I did,” replied Mr. Mullikin, who left Dewey in June 2011, less than a year before the firm collapsed into bankruptcy.

WSJ's Sara Randazzo and ALM's Nell Gluckman covering the trial as ADA Steven Pilnyat questions Thomas Mullikan

ALM's Nell Gluckman: Dewey Recap: Focus on Firm's Borrowing

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