A former Grosse Pointe attorney was sentenced to 64 months in prison Wednesday for stealing $2.7 million from his clients.
Ken Flaska, 62, pleaded guilty in April before U.S. District Judge Paul Borman to bank fraud and money laundering connected to his attempts to hide the theft, said prosecutors. He was sentenced Wednesday by Borman.
From 2004 to 2013, Flaska used a series of financial transactions to move money from his clients’ accounts and into his own bank and investment accounts, said U.S. Attorney Barbara McQuade.
Flaska, who worked at Bloomfield Hills-based Dawda, Mann, Mulcahy & Sadler, PLC, used a series of financial transactions to shuffle the money from client accounts into his own bank and investment accounts, prosecutors said.
Flaska has resigned from the Michigan State Bar and forfeited $900,000 from the sale of his home and two boats, including a 31-foot yacht.
He is a longtime sailor who told a reporter in 2010 that he competed in dozens of races in the Great Lakes and international waters. The yacht competed in the Detroit to Mackinac race last year.
“Attorneys are paid to serve their clients, not to enrich themselves,” said McQuade.