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The former Chief Financial Officer (CFO) of Tom Girardi's law firm has pleaded guilty in a fraud case and faces a potential sentence of up to 40 years in prison. As part of a plea deal, he has agreed to forfeit $3.1 million. In a related case, a former corporate lawyer at two large U.S. law firms was sentenced to 16 months in prison for failing to pay federal income taxes amounting to $3.9 million in taxes and penalties from 2016 to 2020. This lawyer's sentencing follows his admission of tax crimes, highlighting ongoing issues within the legal profession regarding financial misconduct.
