Gambling ex-lawyer admits $ 2 million scam with Eagles
A gambling addict and struck off the bar admitted to stealing nearly $ 2 million in a Philadelphia Eagles-related fraud scheme. [Image: Shutterstock.com]
Fraudulent loans to subscribers
Struck lawyer Frank N. Tobolsky, 59, admitted to stealing nearly $ 2 million through a fraud scheme purporting to fund loans to Philadelphia Eagles membership holders.
The New Jersey District Attorney’s Office (USAO NJ) took to Twitter on October 4 to share Tobolsky’s confession:
According to acting US attorney Rachael A. Honig, Tobolsky has pleaded guilty to one count of wire fraud. The Camden County, New Jersey native argued before U.S. District Judge Noel L. Hillman in Camden Federal Court.
A USAO NJ press release said the funds Tobolsky raised from a victim came from an investment purportedly intended to lend money to National Football League franchise membership holders ( NFL) based in Philadelphia who had seat licenses.
withdraw money to play in various casinos »
An indictment filed in April 2021 by the US District Court in New Jersey said the ill-earned funds were for Tobolsky’s personal use, “including the withdrawal of money to play at various casinos.”
A potential prison sentence of 20 years
The Department of Justice (DOJ) press release said the victim, from Delaware, sent Tobolsky about $ 2.4 million allegedly to fund loans to Eagles membership holders, believing he was was an investment opportunity. Tobolsky instead used a “substantial portion” of the $ 2.4 million for personal expenses.
By pleading guilty to wire fraud, a lawyer struck off the bar could face up to 20 years in prison, which is the maximum penalty. He also faces a fine of up to $ 250,000, “or double the gross loss for any victim or gain for Tobolsky, whichever is greater.”
The Philadelphia Investigator Tobolsky’s lawyer, Federal Defender Lisa Lewis, “could not be reached for comment.” February 10, 2022 is the date set for Tobolsky’s sentencing.
Tobolsky found himself in hot water against the Eagles on another occasion. in February 2018, the New Jersey State Police (NJSP) posted on Facebook that they had arrested Tobolsky for a “theft scam”.
According to the NJSP, Tobolsky posted an advertisement online selling an Eagles stadium builder license. He then deposited the proceeds of the sale into his account at Golden Nugget Casino. Atlantic County state authorities later charged the ex-lawyer, who had enrolled in a pre-trial diversion program.
Also in 2018, the New Jersey Supreme Court struck off Tobolsky, this time for stealing $ 32,500 from a client’s escrow account to fund his gambling habits. Exclusion from the bar in Pennsylvania followed suit later. this year.
A New Jersey Supreme Court Disciplinary Review Board decision before the 2018 exclusion described in detail Tobolsky’s struggles with the game.
his introduction to the game began at the age of six with a trip to a racetrack with his father
The ruling referred to the attorney’s testimony at the time that his introduction to the game began at age six with a trip to a racetrack with his father. He also mentioned his claim that he was a compulsive gambler. The lawyer said he also suffered from depression and anxiety, which made him “literally … [his] disturbs.'”
The review board also cited Tobolsky as saying that when he was nine or ten, his father introduced him to football pools. The losses he suffered each week resulted in “a horrible feeling,” which the ruling said Tobolsky later recognized as depression.