For his fifth consecutive year, Eric Creizman has been named as a standout lawyer in the area of White Collar Criminal Defense in Super Lawyers magazine. (View PDF). For the third consecutive year, Melissa Madrigal has been named as a “rising star” in the area of White Collar Criminal Defense. (View PDF). Each year, no [..]
News & Updates
Creizman PLLC Successfully Represents Client in Precluding Tens of Millions of Dollars of Additional Restitution, Including Request for $1 Million in Attorney’s Fees
The firm successfully assisted its client in precluding additional restitution to the Republic of South Africa for purported harm to its lobster population and for its request for $1 million in legal fees incurred by its counsel, Arnold & Porter Kaye Scholer LLP and a South African law firm. Article PDF
By William Gorta Law360, New York (September 14, 2017, 6:56 PM EDT) A New York federal judge on Thursday adjourned the sentencing of a would be hedge fund founder who pled guilty to conspiracy to commit securities and wire fraud after questions arose about whether the victim fund was actually a coconspirator. Nicholas Mitsakos pled guilty in July to luring investors with claims of glowing performance by his hedge fund Matrix Capital when it in fact it was all fiction. After Caymanbased Meridian Asset Management cast its lot — about $2 million — with Mitsakos, he invested some and used some for personal expenses, it was alleged. But at Thursday’s hearing, Mitsakos’ attorney Eric M. Creizman of Creizman PLLC told U.S. Circuit Judge Denny Chin, who was overseeing the case by designation, that he was notified by the government on Monday of potential Brady/Giglio material that John Geraci, Meridian’s managing partner, may have made misrepresentations to his clients to get the money to invest with Mitsakos. Judge Chin said it was important to see whether Meridian was a participant in the fraud or simply passing on Mitsakos’ misrepresentation. “I don’t think there’s any dispute Mr. Mitsakos made false statements to Meridian,” Judge Chin said. “I’m wondering whether Meridian knew they were false. I don’t know to what extent Meridian was a coconspirator rather than a victim.” Over Creizman’s objection, Judge Chin allowed a victim impact statement from an Alabama couple, Brenda and Brian Senn, who lost their $2 million life savings — college money for their five children — after investing with Meridian, which then invested with Matrix. The couple said they had spoken only to Geraci, who told them Mitsakos’ Matrix had $60 million already invested. Judge Chin said that much of what the Senns said was consistent with what Mitsakos said on a call that was recorded. But, Creizman pointed out, “When Meridian received a substantial amount of money back, it did not give any back to the victims [the Senns].” Creizman suggested that the order of restitution benefit the Senns rather than Geraci or Matrix. “We second that request. … We don’t know if you’re allowed to say it, but we do,” Brian Senn said. Judge Chin also said he would consider a letter faxed to him Thursday morning by California attorney Ted Lindquist III, which claimed there was a $3.5 million judgment against Mitsakos in a California state civil case, that Mitsakos sold stock in violation of an injunction and that the judge found the Mitsakos had not testified credibly. Assistant U.S. Attorney Robert Wood Allen suggested the judge consider the letter as a submission similar to laudatory letters submitted on Mitsakos’ behalf. But Judge Chen said he wasn’t happy with Lindquist’s tactics, which included threats to inform the sentencing judge of his allegations unless Mitsakos provided him with information on stock sales. “I don’t want to accuse Mr. Lindquist of acting unethically but it certainly smacks of threatening to bring this to the court’s attention if you don’t do something,” Judge Chin said. “It certainly raises questions in my mind whether this is an appropriate tactic.” Judge Chin ordered the parties back for a hearing on Oct. 18. Prosecutors accused Mitsakos of telling investors he had gotten eyepopping returns with his hedge fund Matrix Capital, when really, he had no funding to do any such thing, according to the government’s case. When he did get an investor to fork over $2 million, he put some of it to work in the markets and spent the rest on himself, prosecutors said. Prosecutors said Mitsakos lied to investors about his fund’s performance and retroactively faked trades. He also is accused of telling investors that his fund had ties to KPMG LLP, when in fact the auditing giant was never formally retained. Mitsakos created Matrix Capital in 2013, calling it a “longshort” hedge fund that invested in undervalued securities and sold overvalued ones short, according to charging documents. Then Manhattan U.S. Attorney Preet Bharara summed up the case by saying the defendant essentially “ran an imaginary portfolio.” [..]
Eric Creizman to Lecture at New York State Association of Criminal Defense Lawyers Continuing Legal Education Seminar
Eric Creizman will be presenting a lecture at a continuing legal education seminar, “Important Topics In Federal Practice 2017,” sponsored by the New York State Association of Criminal Defense Lawyers. The distinguished federal practitioners who will also be delivering lectures include Frederick Hafetz, Joshua Dratel, and staff attorneys from the Federal Defenders of New York. [..]
In a criminal trial in the United States District Court for the Southern District of New York, Eric Creizman eviscerated the credibility of a witness on cross-examination, which was covered by various media outlets.
On February 13, 2017, Creizman LLC partners Eric Creizman and Melissa Madrigal started a criminal fraud and bribery trial relating to a purportedly illegal bitcoin exchange. Creizman LLC represents Yuri Lebedev, an IT developer and architect. Opening statements were delivered on February 15.
Creizman LLC Featured in Media for Representations in Back-to-Back High-Profile White Collar Criminal Trials
Creizman LLC started right out the gate in 2017 with two back-to-back high profile white collar criminal trials. In January, Creizman LLC represented a former hedge fund portfolio manager in a federal criminal prosecution for conspiracy to mismark the prices of securities. Press accounts of Creizman LLC attorneys’ cross-examinations and closing arguments can be found [..]
NEW YORK, Dec. 19, 2016 /PRNewswire/ — Creizman LLC is pleased to announce that the firm has promoted Melissa Madrigal to the position of Partner of the firm. Ms. Madrigal has practiced at Creizman LLC for three years and has taken a leading role in some of the firm’s most high-profile white collar representations including: the [..]
Accomplished Federal Trial Lawyer Amanda Shoffel Joins New York Boutique Litigation Firm Creizman LLC
Amanda Shoffel has left her position as Senior Counsel in the Special Federal Litigation Division of the New York Office of Corporation Counsel to join Creizman LLC, a New York City-based litigation firm that specializes in white-collar criminal defense and complex commercial litigation. The firm’s recent representative matters include high-profile representations in federal criminal securities [..]
Creizman LLC Attorneys Interviewed on CNBC’s American Greed about Acquittal of Client in 2013 Federal Health Care Fraud Trial
Creizman LLC attorneys Eric Creizman and Caroline Polisi appeared on the latest episode of CNBC’s American Greed, “Sick Profits,” recounting the Bay Medical health care fraud scheme in which a series of medical clinics fraudulently billed Medicare of over $71 million. Although most of the defendants pled guilty, Creizman LLC’s client went to trial, and [..]