LOS ANGELES — Murrieta attorney Fredrick Jacob Todd was
disbarred from practicing law in California in the wake of his
September 2014 convictions on two felony charges.
Todd's disbarment was handed down Nov. 18, according to his
on the State Bar of California website.
After his initial conviction, Todd was placed on interim
suspension and made ineligible to practice law. Todd, who was
to the state’s bar association in 1979, had no prior disciplinary
According to court documents
filed June 29, 2016, in Los Angeles, Todd was convicted by a New
Jersey court of violating to title 18 U.S. Code sections pertaining
to “conspiracy to commit mail fraud” and “transacting in
criminal proceeds.” The U.S. District Court for the District of New
Jersey sentenced Todd to 46 months in prison, during which he served
his bar suspension. The disbarment proceedings were filed once the
conviction was finalized and no appeals had been made.
of the charges were announced on the Federal Bureau of
Investigation’s website, FBI.gov. The release stated that Todd
conspired with several others to defraud investors by promising large
blocks of Facebook shares prior to the initial public offering as
well as “several real-estate deals.” Millions of dollars were
wired to Todd and his associates to purchase Facebook shares before
the company went public in 2012.
However, the money was not spent on the shares upon receipt, but
instead for personal uses among the group.
A second incident occurred when Todd and his associates told
investors that they had found an apartment complex in Florida that
could be renovated for a large profit. More funds were wired and
again used for purposes other than what that for which they were
Todd faced at least 20 years in prison with a potential fine of
$250,000, though the plea bargain helped him to secure a sentence of
less than four years. The department of the FBI responsible for the
bust was the Financial Fraud Enforcement Task Force, which was
created in 2009.
Because of the felony nature of the crimes and the attorney’s
deceive, defraud, and steal, the charges met the State Bar Court’s
criteria for mandatory disbarment. Todd was not entitled to a hearing
in the matter, according to court documents.
Disbarred attorneys must comply with the California Rules of Court
Rule 9.20 subsections (a) and (c). According to the rule definition
on courts.ca.gov, attorney compliance includes the requirements to
tell all of his clients of the ruling, deliver all necessary papers
to his clients concerning their cases, return any unearned fees that
remain, notify opposing counsel of his disbarment in any pending
litigation, and file with the Clerk of the State Bar Court that he
has complied with his disbarment provisions.