A former Sullivan & Cromwell partner has resigned from the bar for billing his clients and firm more than $500,000 in fraudulent travel and entertainment expenses.
Carlos J. Spinelli-Noseda, a banking and finance specialist who joined Sullivan & Cromwell straight out of Harvard Law School in 1994 and became a partner in 2003, was facing a disciplinary investigation over a pattern of improper billing dating from roughly July 1998 to February 2008.
In a June 3 affidavit of resignation he submitted to the disciplinary committee of the First Department, Mr. Spinelli-Noseda admitted he could not successfully defend himself against charges of professional misconduct. Such resignations are frequently tendered when further proceedings are almost certain to lead to disbarment.
“I acknowledge that my actions violated the New York Lawyer’s Code of Professional Responsibility, notably DR 1-102(A)(4) inasmuch as my conduct constituted dishonesty, fraud, deceit and misrepresentation,” he stated in the affidavit, “and DR 1-102(A)(7) inasmuch as my conduct adversely reflects on my fitness and integrity as a lawyer.”
The Appellate Division, First Department, yesterday accepted Mr. Spinelli-Noseda’s resignation on the disciplinary committee’s motion In the Matter of Carlos J. Spinelli-Noseda, M-2908.
Mr. Spinelli-Noseda stepped down from his position at Sullivan & Cromwell in March. In a statement the firm said: “Upon discovery, the matter was promptly referred to the appropriate authorities. The Firm fully cooperated with those authorities, contacted affected clients and made restitution.”