February 26, 2024

Tullio Corradini

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Illinois law firm founder faces suspension for faking capital contribution

Illinois law firm founder faces suspension for faking capital contribution

The skyline is observed in Chicago, Illinois, U.S., Oct 19, 2017. REUTERS/John Gress

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(Reuters) – Illinois officers this week encouraged a five-month suspension for an lawyer who admitted he lied and fabricated documents to persuade his partners he had invested tens of thousands of dollars into launching their business.

Chicago law firm James Rollins fooled his colleagues into pondering he experienced paid additional than $81,000 toward his promised $100,000 capital contribution to Sinars Rollins LLC when he seriously only compensated $18,000, an Illinois Attorney Registration & Disciplinary Commission hearing board stated Thursday.

Rollins admitted to the deception when his fellow partners confronted him in 2017, the hearing board reported. His admissions, as very well as his willingness to just take duty, merited a shorter suspension than what an ARDC prosecutor experienced suggested, it claimed.

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“On observing and listening to his testimony, we observed his regret to be deep and authentic,” the board claimed.

Rollins, represented by Samuel Manella, a business legislation professor at DePaul College Driehaus Faculty of Small business, explained to the board that when the misconduct occurred he had not been compensated for 8 or nine months and was “barely having by, attempting to save his household and marriage and aid his then-toddler little ones.”

Rollins and Manella did not immediately react to requests for comment. Rollins, according to his LinkedIn profile, still left the agency, now regarded as Sinars Slowikowski Tomaska, in 2019. He is now a companion at Chicago-primarily based Sullivan & Associates.

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