The announcement that Steven G. Dubin, 66, of Holland, Philadelphia, was sentenced to 18 months in prison has put everyone in a shock. The sentence includes three years of supervised release. Steven is ordered to pay $74,800 restitution by the United States District Court Judge Gene E.K. Pratter for frauding via a scheme in which he attempted to steal his clients’ retainer fees and use them for other expenses.
Dubin, an attorney licensed to practice in Pennsylvania, offered services to prospective adoptive parents, in 2018 pleaded guilty of having committed wire fraud. Dubin was proven guilty for stealing clients’ retainer fees which were falsely represented to be held in an escrow account that he promised to use for clients’ future expenses in the adoption process. Additionally, Dubin started operating his Ponzi scheme by using the retainer fees collected by him from the clients to pay to himself legal fees or expenses related to other clients. Even after getting disbarred in the year 2012, Dubin is known to have accepted new retainer fees from clients, and in some cases, he is still represented as an attorney licensed to practice law.
According to the Acting U.S. Attorneys Willams, Dubin took advantage of the long, complicated, and emotionally draining process of adopting. In which, the parents rely on professionals like Dubin for navigating the bureaucratic hurdles. Taking the advantage of his position, Dubin started stealing money from his clients who thought he was going to help them adopt a child, even after getting barred.
The investigation of this case was done by the Federal Bureau of Investigation and is being prosecuted by the Assistant United States Attorney Vineet Gauri.