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Bank-robbing lawyer admits embezzling from clients

Published:November 24, 2010, 10:14 AM

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Updated: November 24, 2010, 10:15 AM

When he's finished serving time for two out-of-state bank robberies, a suspended local lawyer will return to Erie County for more jail time.

Michael W. Rickard II, 42, pleaded guilty Tuesday to two felony grand larceny charges lodged against him for embezzling nearly $63,000 from two former local clients.

Rickard admitted stealing $10,240 he was holding for a 91-year-old mentally incapacitated woman who lives in a nursing home. He had been appointed her legal guardian. He also took $52,662 from another client's estate.

State Supreme Court Justice Russell P. Buscaglia told Rickard he would likely sentence him to a one-year jail term after Rickard finishes his federal prison term of 37 months in a West Virginia prison.

In August, a federal court judge sentenced Rickard on his guilty plea to bank robbery charges linked to holdups at two Nashville, Tenn., area banks earlier this year.

Rickard committed his local crimes in 2009, before the bank robberies.

He pleaded guilty to the bank robberies in May, a week before he was indicted on the local crimes.

The clients will be reimbursed by the New York State Lawyers Fund, which provides reimbursement to law clients who have lost money as a result of a lawyer's dishonest conduct in the practice of law.

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