The investment manager funneled federal loans into personal brokerage accounts.

“When clients hire counsel to represent them, they expect their attorney will follow the highest ethical standards. Yet Mitchell Kossoff violated the fundamental trust of his clients by taking millions for himself,” said District Attorney Bragg.

“Rosita Joseph allegedly used her position as Chief Operating Officer to raid her employer’s coffers for personal gain, which included using hundreds of thousands of dollars for extravagant travel purchases and inflated paychecks. We will not allow unscrupulous employees to use their companies as a personal piggy bank,” said District Attorney Bragg.

“Francisco Lopez is charged with capitalizing on his insider access to steal nearly $3 million from a New York City-based business over seven years,” said D.A. Bragg. “I thank my Office’s talented investigators and prosecutors who followed the money, uncovering thousands of fraudulent transfers, to secure this indictment. We are dedicated to protecting businesses across our City from all varieties of theft, including fraud from the inside.”

“As alleged, this postal worker abused his position to steal checks, and worked with others to withdraw as much money as possible before their fraud was uncovered,” said District Attorney Bragg.