A former Crowell & Moring associate who pleaded guilty to embezzling $10.7 million in client funds choked back tears Wednesday and said he was “consumed with remorse” during his sentencing. Douglas Arntsen, 34, said he was “so sorry” for his actions, apologizing to his family, former clients and ex-employer before Acting Supreme Court Justice Jill Konviser in Manhattan (see profile) gave him a four-to-12-year prison sentence.
Arntsen pleaded guilty earlier this month to three counts of first-degree grand larceny and one count of first-degree scheme to defraud. Prosecutors had pressed for a five-to-15-year sentence. At his plea, Arntsen agreed to a restitution order for the stolen $10.7 million (NYLJ, October 3).
