Actuarial Outpost
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Pension - Social Security
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

Upload your resume securely at
to be contacted when new jobs meet your skills and objectives.

Thread Tools Search this Thread Display Modes
Old 06-04-2020, 09:55 AM
campbell's Avatar
campbell campbell is offline
Mary Pat Campbell
Join Date: Nov 2003
Location: NY
Studying for duolingo and coursera
Favorite beer: Murphy's Irish Stout
Posts: 93,643
Blog Entries: 6

Rhode Island Attorney Jailed for Collecting Pension Benefits of Deceased Client
Attorney pleads guilty to taking $234K over 12 years.
A Rhode Island attorney granted executive authority to sign off on checks of a former client has been sentenced for collecting nearly a quarter of a million dollars over 12 years following the client’s death, the United States Attorney’s Office announced.

The attorney, Oleg Nikolyszyn, was granted authority to sign and deposit checks meant for the client and to collect pension benefits. Nikolyszyn admitted to siphoning the funds to a jointly owned bank account between him and the client, and then allocating the money into the bank account belonging to him and his family.

When the attorney was originally confronted on the issue, he lied, the court determined, and said that he was being responsible with the money and flying to Poland frequently to hand deliver it in bulk to the deceased client’s nephew. Following his purported falsehoods, and identification and condemnation of his behavior, he was suspended and disbarred from practicing law in Rhode Island.

Of the total $234,000 taken from the client’s arrangements, $173,000 was sourced from the City of Providence Employee Retirement System, and $60,000 was taken from the Laborers’ International Union of North America Pension Fund. Nikolyszyn was sentenced to 12 months and one day in confinement, six months of subsequent house arrest, and one year of supervised release.

Misconduct pertinent to the responsible distribution of pension trust assets happens somewhat frequently. Earlier this year, the founder of a New Jersey-based vending machine company was sentenced to two and a half years for embezzling over $358,000 from the company’s pension fund.

Previously, a Louisiana accountant had been charged with stealing more than $2 million from the New Orleans Firefighters Pension and Relief Fund, and separately, the former head of UK charity for the disabled was charged for stealing more than $325,000 from the charity’s pension.

It's STUMP - meep on public finance, pensions, mortality, and more

LinkedIn Profile
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

All times are GMT -4. The time now is 11:07 PM.

Powered by vBulletin®
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.14665 seconds with 9 queries