Melvyn Weiss, a founding partner of class action law firm Milberg Weiss who was convicted on a racketeering charge for his role in an alleged decades-long scheme in which serial plaintiffs were paid kickbacks out of the attorneys' fees for filing their shareholder lawsuits, has put his sprawling estate on Long Island's gold coast in Oyster Bay, NY on the market for $19 million as reported by David Lat for Above The Law.
Apparently Weiss also is getting rid of "more than 140 lithographs, etchings and other works of art by Pablo Picasso" as reported by Miles Weiss for Bloomberg: "Weiss and his wife, Barbara, have pledged the artwork to the financial services unit of New York-based Sotheby's."
In commenting on his house listing Weiss said "I'm going to be 80 years old -- I'm downsizing" as reported by Nathalie Pierrepont for American Lawyer.
Weiss was convicted in 2008, and sentenced to 2 1/2 years in prison and ordered to pay $10 million for his role in the conspiracy which involved many others including William Lerach.
Last year Weiss pleaded guilty to a DUI charge after he was pulled over for allegedly doing 90 mph in a 65 mph zone in December 2012 as then reported by Toni-Ann Miller for The Palm Beach Post.
When the deputy approached the vehicle, he said he smelled alcohol on the driver's breath and that the driver appeared impaired. The report says the driver's eyes were "bloodshot and glassy," his speech was slurred, and he was unsteady on his feet.
From his back seat in the patrol car Weiss asked "Do you know who I am?" and then answered his own question by stating a "pretty well known person" at which point the self-important little man fell asleep according to the arrest report as reported by Joe Patrice for Above The Law: "'Pretty well known person.' Aww, Mel still thinks it's 2006."
At eighty years old let's hope that the disbarred attorney has atoned for his sins; after all, the next stop for Mel may be hell as it's pretty hard to get over on G_d.
Further reading that may be of interest: