Jason Kurland is accused of gaining the trust of his clients, some of whom won big in Mega Millions and Powerball, and steering them to invest in businesses controlled by 3 other people who are also charged. Kurland allegedly got kickbacks in the scheme.
All four pleaded not guilty Tuesday, and all but Russo were freed on bond, The Associated Press reported.
One of the attorneys representing Russo, Joseph Conway, said in an email that Russo"looks forward to presenting evidence at a future trial to clear his name of these charges." Bond was set at $2 million, but he was still detained Tuesday night pending an appeal from prosecutors. The lottery winners sought help from Kurland and his firm for advice on investments, prosecutors said.
Kurland's law firm, Rivkin Radler, said that the charges had taken it"by complete surprise" and that it is cooperating with the federal investigation, the AP reported. The firm issued a statement saying it was"taking immediate steps to remove Mr. Kurland as a partner."
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