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Founder of firm suing Trump U a felon
Convicted of massive kickback scheme in class-action lawsuits
2016.06.02
Jerome Corsi

NEW YORK – The law firm suing Trump University was founded by a wealthy San Diego lawyer with close ties to the Clintons who served a two-year sentence in federal prison for his role in a kickback scheme to mobilize plaintiffs for class-action lawsuits.

William Lerach, best known for winning more than $7 billion in legal settlements of a class action suit he brought against Enron, was found guilty in 2007 of a kickback scheme in which he his firm used intermediaries to pay clients with large stock portfolios a percentage of the law firm’s $11.3 million profits for agreeing to be plaintiffs in 225 class action and shareholder lawsuits, spanning the period 1979 to 2005.

Lerach’s former law firm, the once prestigious New York-based Milberg, Weiss, Bershad & Schulman, made an estimated $250 million in the criminal class-action scheme.

WND reported documents released Wednesday in the lawsuit accusing Trump University of fraud confirmed the law firm behind the suit paid Bill and Hillary Clinton a total of $675,000 for speeches.

In addition to prison, Lerach was ordered to pay a $250,000 fine and to complete 1,000 hours of community service for agreeing to plead guilty as charged.

On Dec. 21, 2007, the California Bar declared Lerach “not eligible to practice law,” and he later was disbarred and prohibited from practicing law in California by order of the California Supreme Court.

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