Disbarred Lawyer Funded Gambling with $2.4M Philadelphia Eagles Season Ticket Scam
A disbarred New Jersey attorney pleaded shamefaced this hebdomad to defrauding an investor inward a fake business organisation that purported to offer loans to City of Brotherly Love Eagles fans.
Instead, Frank Tobolsky spent to the highest degree of a $2.4 1000000 investment on personal expenses and a “crippling” gambling habit.
Prosecutors said Tobolsky, 59, told the fillet of sole investor the business organisation would employment Eagles fans’ place licenses as verificatory to untroubled the loans. The dupe sent the money to Tobolsky inward tranches between 2013 and 2016.
A personal sit license, or PSL, entitles a sports fan the flop to purchase flavour tickets for a specific sit in a stadium. The holder tin can sell the licence to someone else if they no more yearner want to purchase a ticket.
But no loans were ever issued. Some of the money was returned to the victim as purported profits, but Tobolsky spent almost $2 gazillion of the fund, often of it at Atlantic Ocean City’s gaming tables.
Theft by Deception
Tobolsky was separately charged inwards 2018 for theft by deceit for the fraudulent sales agreement of an Eagles sit license. The former attribute lawyer advertised a non-existent certify for sales agreement online, afterwards depositing the victim’s $9,400 defrayal into his account statement at the Golden Nugget.
As a first-time offender, he was permitted to come in a pretrial diversion program, according to Atlantic County court records. This is typically a rehabilitative computer programme that allows a defendant to execute community of interests divine service instead of going to prison.
Tobolsky was barred from practicing natural law inwards November 2017 past the New island of Jersey Supreme Margaret Court for misappropriating $32,500 of a clients’ funds held inwards escrow. The money had been placed in his give care in progress of a prop deal.
But in Mar 2013, he siphoned it into his own personal account, which at the time contained simply $5.
In his demurrer on that occasion, Tobolsky told the court of justice he suffered from a compulsive gambling problem. He also claimed anxiety and slump that sometimes caused him to live “literally… come out of [his] mind.”
He described this as a “crippling” mental illness, adding the allegations against him were “inextricably linked to [his] diminished capacity, stress, and duress.”
‘Awful Feeling’
Tobolsky said he foremost experienced play as a six-year-old when he visited a raceway with his family. At Nina from Carolina or ten, his male parent introduced him to football pools. He lost for each one week, which resulted in “an fearsome feeling” that he later recognized as depression.
In his high up schooltime years, he traveled with his male parent to racetracks all along the due east coast, and even out gambled underage inwards casinos inward Puerto Rico. He funded his gaming with money earned on his newspaper publisher route.
In 1984, at 23, Tobolsky began attending Gambling Anonymous meetings and later on quit gaming for 22 years.
But the breakup of his marriage ceremony inward 2006, joined with fears that he would not live able-bodied to make up for his children’s college fees, caused his old demons to resurface.
Now he faces upwards to 20 years in prison.
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