Matter of Klarman

OPINION OF THE COURT

On December 2, 2003, the respondent pleaded guilty in the United States District Court for the Northern District of California to one count of mail fraud, in violation of 18 USC § 1341, and one count of money laundering, in violation of 18 USC § 1956 (a) (1) (B). Pursuant to the underlying plea agreement, the respondent acknowledged, inter alia, that the following facts were true:

“(A) Between 1996 and 1999, I, as General Counsel of U.S. Wireless Corporation, and my colleague Oliver Hilsenrath, who was CEO, assumed control of several shell corporations in the British Virgin…