An accountant who was convicted of stealing from a Cayman Islands law firm in 2013 now faces a civil court lawsuit as the firm seeks to recover the remaining cash it says he stole.
Michael Sean Levitt is serving a seven-and-a-half year prison sentence in Northward after his Sept. 9, 2013 sentencing in connection with more than 80 transactions where money was taken between 2009 and 2012.
Officials with the Solomon Harris law firm said the money was taken only from the company’s accounts and did not involve funds belonging to its clients.
In the Grand Court writ filed Tuesday, the law firm alleges that a total of US$711,219.30 was taken from the firm’s accounts via wire transfer, bank draft and check that personally benefited Levitt and “third parties.”
Levitt was convicted of theft on June 13, 2013.
During criminal court proceedings, it was alleged that Levitt had taken more than US$845,000 from the firm, but the civil court action did not reconcile the different amounts.
The court records indicate that some of the money sought by the firm had been recovered, including US$140,000 paid from an unidentified third party, the profit from the sale of Levitt’s house (US$129,047.08) and about $42,000 from the sale of a car and a liquor license he held.
The law firm alleges that nearly $400,000 is still owed following asset recovery proceedings in the case before the Grand Court.
Levitt, a former Rotary Club president, lost an appeal of his conviction in 2014. The Cayman Islands Court of Appeal said the case involved substantial sums of money and a severe breach of trust committed “by a perennial fraudster.”
Levitt, now 58, has previous convictions for fraud in South Africa, where he was sentenced to seven years in prison, and in Canada, where he served 14 months for a fraud offense.