Legal Ethics

Lawyer Jailed for Securities Fraud Regains License

Nov. 15, 2016, 7:21 PM

A lawyer who spent 14 months in prison for securities fraud was reinstated to the practice of law by the Wisconsin Supreme Court Nov. 8 (Office of Lawyer Regulation v. Kranitz, 2016 BL 371934, Wis., No. 2013AP2128-D, 11/8/16).

Voting unanimously, the justices said Richard A. Kranitz deserved to re-enter the profession 28 months after he was suspended from practice as a result of his felony conviction for conspiracy to commit securities fraud.

According to court records, Kranitz sat on the board of a company that agreed to pay kickbacks to an FBI agent who posed as a hedge...

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