Man charged in $500k fraud

| 04/04/2013

Michael-Levitt (236x300).jpg(CNS): Police confirmed Thursday that a 56-year-old man has been charged with fraud in relation to the theft of more than half a million dollars from a local financial firm. Michael Levitt, a former president of Rotary Sunrise, was arrested last month in relation to the white-collar crime after financial irregularities were uncovered at Solomon Harris during the law firm’s annual financial reporting process where the suspect had worked. An RCIPS spokesperson said the Canadian national has now been charged with two counts of theft, which occurred while he was employed by the local firm, and he is expected to appear in court later today.

Following Levitt’s arrest, the managing partner reassured clients that none of them were impacted by the fraud which was an internal issue only.

“We want to assure our clients that no clients have been impacted and that this is an internal issue only,” Managing Partner Sophia Harris said. “Solomon Harris had its strongest ever financial performance last year and this matter in no way affects the firm’s ongoing growth.”

Related articles:

Law firm says it will ‘aggressively’ pursue fraud case (CNS, 1 March 2013)

 

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