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Faces In The News
There's Something About Larry
Lexi Feinberg, 04.16.09, 04:00 PM EDT
After serving 10 years, Larry Levine did what any respectable criminal would do:
He became a consultant.
There's Something About Larry
Lexi Feinberg, 04.16.09, 04:00 PM EDT
After serving 10 years, Larry Levine did what any respectable criminal would do:
He became a consultant.
| Larry Levine |
With white-collar crime
surging and the SEC on
the prowl, business is
booming for former federal
prisoner Larry J. Levine,
founder of Wall Street the
go-to guy for corrupt
businessmen who engaged
in fraudulent behavior
surging and the SEC on
the prowl, business is
booming for former federal
prisoner Larry J. Levine,
founder of Wall Street the
go-to guy for corrupt
businessmen who engaged
in fraudulent behavior
law -- but even he wouldn't speak to Bernie
Madoff.
"His people called me; I refused to help him,"
Levine said. He then added, "I don't help child
molesters either."
Levine, 47, said he spent a decade in jail for
"narcotics trafficking, securities fraud,
racketeering, obstruction of justice and ...
machine guns." Since his release in 2007, he's
been on supervised probation and trying to
make a buck off the soon-to-be-convicted with
rates that start at $1,000 per case. He claims he
can show you how to survive on the inside, how
to reduce your sentence and even how to beat
a charge or two.
Lawyers and judges traffic in justice but Levine
is more practical about the ins and outs of
criminal law.
"It's not who's right or wrong -- it's who's a better
liar."
The recent turmoil on Wall Street and the Bernie
Madoff case inspired Levine to augment his
American Prison Consultants brand with the
trendier Wall Street Prison Consultants. He said
that he's "tired of seeing people get burned by
the system."
Madoff.
"His people called me; I refused to help him,"
Levine said. He then added, "I don't help child
molesters either."
Levine, 47, said he spent a decade in jail for
"narcotics trafficking, securities fraud,
racketeering, obstruction of justice and ...
machine guns." Since his release in 2007, he's
been on supervised probation and trying to
make a buck off the soon-to-be-convicted with
rates that start at $1,000 per case. He claims he
can show you how to survive on the inside, how
to reduce your sentence and even how to beat
a charge or two.
Lawyers and judges traffic in justice but Levine
is more practical about the ins and outs of
criminal law.
"It's not who's right or wrong -- it's who's a better
liar."
The recent turmoil on Wall Street and the Bernie
Madoff case inspired Levine to augment his
American Prison Consultants brand with the
trendier Wall Street Prison Consultants. He said
that he's "tired of seeing people get burned by
the system."
case. She never identified herself but Levine
believes it was Shana Madoff -- the
Investment Securities and wife of Eric
Swanson, a former top lawyer at the SEC --
get comment prior to publication.
While Levine's focus has recently shifted to
white-collar crimes, he's made a name for
himself by finding loopholes in the law. One
way is by taking advantage of prison policies
to help prospective prisoners get into the jail
drug rehab program and "receive extra time
off their sentence even with no evidence of
drug or alcohol abuse in their pre-sentencing
report." (See "Time Off For Bad Behavior.")
One of his clients, Chris Upchurch, a former
car dealership owner in Boise, Idaho, found
him via Google while staring down 20 counts
of bank fraud. "Lawyers aren't worth a dime
when it comes to this," he said, adding that
Levine gave him sound advice and
encouraged him to plea it out. He now faces a
33-month sentence in June and refers to
Levine as a philanthropist.
"This is a moneymaking idea, so I jumped on
it," Levine said.
Levine's phone is ringing off the hook and
he's been making the media rounds,
appearing on Fox News and MSN and in
Forbes. As the financial press covers Wall
Street's continuing meltdown, Levine is front
and center, riding the wave of the only sure
bull market -- prison grays and electronic cell
locks.
believes it was Shana Madoff -- the
Investment Securities and wife of Eric
Swanson, a former top lawyer at the SEC --
get comment prior to publication.
While Levine's focus has recently shifted to
white-collar crimes, he's made a name for
himself by finding loopholes in the law. One
way is by taking advantage of prison policies
to help prospective prisoners get into the jail
drug rehab program and "receive extra time
off their sentence even with no evidence of
drug or alcohol abuse in their pre-sentencing
report." (See "Time Off For Bad Behavior.")
One of his clients, Chris Upchurch, a former
car dealership owner in Boise, Idaho, found
him via Google while staring down 20 counts
of bank fraud. "Lawyers aren't worth a dime
when it comes to this," he said, adding that
Levine gave him sound advice and
encouraged him to plea it out. He now faces a
33-month sentence in June and refers to
Levine as a philanthropist.
"This is a moneymaking idea, so I jumped on
it," Levine said.
Levine's phone is ringing off the hook and
he's been making the media rounds,
appearing on Fox News and MSN and in
Forbes. As the financial press covers Wall
Street's continuing meltdown, Levine is front
and center, riding the wave of the only sure
bull market -- prison grays and electronic cell
locks.
