White Collar Crime: The Role that Ethics Play

Hosted by the Criminal Law Association

Date & Time:

Wednesday, November 9, 2016
12:30 PM - 1:30 PM

Location:

University of St. Thomas School of Law
MSL 321

John M. Rubischko, a convicted felon, will speak about the role that ethics played during his journey through the criminal justice system.

John was convicted of ID theft and wire fraud in 2007. Before his conviction, he had possessed his real estate license for over 12 years and owned his own mortgage company. During this time, John was witness to a lot of "shady stuff" that went on within the mortgage business, however he just turned a blind eye, thinking everything was OK. Soon, he found himself taking part in similar conduct in order to get loans closed. Needing some extra cash flow during his divorce, John approached his mom to ask if he could use her name to purchase rental properties. By using her name, John would have access to her better credit score and he would also be eligible to make double commission on those properties. Despite his mom's objection to using her name, John had his processor sign her name on a POA while his buddy notarized it. John continued to use his mom's name on loan documents until the banks began to call, looking to collect. Once his family realized what had been going on, they intervened. John—not wanting to deal with what was happening—ran, forcing his mom to consult an attorney on her best interests, resulting in her filing a police report. While state police officers deemed John's conduct as nothing more than a "family mess," the federal department was informed of his actions and arrested him.

John was originally sentenced to 78 months in prison, which was ultimately reduced to 50 months. He did his time at a high-security prison in Arkansas, a low-security prison in El Paso, a Lompoc Camp, and finally the RDAP facility.

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