Former Lehman Brothers Holdings’ MD Accused of Forgery

Former Managing Director at Lehman Brothers Holdings Inc, Bradley H Jack, is discussing with prosecutors the likelihood of a plea bargain on a forgery charge. On March 21, the accused pleaded not guilty and has since then been on bail. He was presented at the Norwalk Superior Court, before Judge Maureen Dennis, who set the date for the pre-trial hearing for June 19.

Attorney’s Office Yet to Make Specific Offer

According to Robert Golger, the defense attorney, he was in talks with prosecutors about the plea bargain. Golger clarified that the Attorney’s Office in Connecticut has not yet made a specific offer and that the sides are unable to reach an agreement on this.

In March this year, Jack was charged with committing 2nd degree prescription forgery in November. The prescription was for a drug that can treat ADHD, also known as attention deficit hyperactivity disorder.

Prior Arrest

Prior to this, last June, Jack was arrested for attempting to pass prescriptions that were forged. The prescriptions were allegedly for Oxycontin (a painkiller) and Ritalin (used to treat ADHD). However, Golger pointed out to a time when Jack received treatment for cancer and he used only valid prescriptions. He stated that Jack has a clean record, and that he has not been charged with any criminal activities in the past.

Jack’s time with Lehman Brothers Holdings started in 1984. He was in the area of investment banking between 1996 and 2002 at the company. In 2002, he was made Co-COO with Joseph Gregory. He then took over the office of chairman in 2004. In 2005, Jack retired from the company and took up work in the non-profit sector. Three years later, Lehman Brothers Holdings went bankrupt.

After Jack was arrested in 2011, he entered an AR (accelerated rehab) program offered to those charged with crimes that are not too serious, but can bring jail time. During a hearing in August last year, the Superior Court Judge stated that the prosecution will be dropped if Jack does not get arrested for one year.

Christopher Morales is an experienced San Francisco Criminal Lawyer. For expert advice from a San Francisco White Collar Criminal Defense Lawyer on an embezzlement case, contact us.