News

The New York Times and the Wall Street Journal cite WMH Partners Jim Walden and Milt Williams‘ defense of a client stemming from a $30 million fraud investigation by the Manhattan District Attorney’s office. On Friday, February 14, the judge in the case indicated that the defendant would avoid an incarceratory sentence.

Mr. Uzac and Mr. Anderson both entered guilty pleas Friday to one count each of first-degree scheme to defraud and second-degree money laundering in a lower Manhattan courtroom. They are set to be sentenced in April and aren’t expected to serve prison time, under terms agreed to by the judge overseeing the case, Manhattan State Supreme Court Justice Ruth Pickholz, who said Friday that she could sentence them to probation, community service or some combination of both.

A lawyer for Mr. Anderson, Jim Walden, said in court Friday that his client ‘always intended to repay these loans’ and that the banks had been repaid with interest.