Grosse Pointe lawyer Kenneth Flaska, 62, admitted to federal prosecutors that Wednesday that he embezzled more than $2.7 million, including $2.5 million that belonged to his law firm’s clients.
The embezzlement and money laundering occurred from 2004 to July 2013, The Detroit News reports. Flaska made the disclosures when he pleaded guilty to the charges before U.S. District Judge Paul Borman.
He will be sentenced Aug. 4 and could spend up to nine years in federal prison.
Flaska, who practiced with Bloomfield Hills-based Dawda, Mann, Mulcahy & Sadler, PLC, has resigned from the Michigan bar. He’s accused of moving money from client accounts into his own bank and investment accounts.