The sun’ll come out
Tomorrow
So ya gotta hang on
‘Til tomorrow
Come what may
Tomorrow! Tomorrow!
I love ya Tomorrow!
You’re always
A day
A way!
Those lyrics, from the musical Annie, describe Stephen Yagman’s fate. After a six-hour sentencing hearing today in Los Angeles, the attorney still does not know his fate. He was convicted earlier this year on 19 counts of tax fraud, bankruptcy fraud, and money laundering.
As I noted over the weekend, Yagman would like to teach morals at UCLA. The Department of Justice would like him to visit ClubFed for nine to eleven years.
The news report noted that Judge Stephen Wilson asked, “How do you reconcile his desire to continue to practice in one of the most stressful areas with his medical condition?” Yagman’s attorney said that Yagman has been suffering from heart disease.
Yagman’s fate will probably be set by the judge tomorrow. I suspect a visit to ClubFed is much more likely than an immediate trip to Westwood. As Chuck Gallagher, a business ethics speaker (and a former ClubFed resident for tax evasion) said, “Yagman has shown from his conviction that he has a disregard for the law through his actions related to hiding assets in bankruptcy and from the IRS (tax evasion). Hence, it would be far reaching to think that the government would consider him a likely candidate to teach morality.”
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