A bail hearing on Friday night didn’t go so well for Douglas Arntsen, the former Crowell & Moring associate accused of stealing millions of dollars from clients’ escrow funds.
In September 2011, Arntsen resigned from his job at Crowell & Moring at about the same time that one of the firm’s clients noticed money was missing from its escrow account. Arntsen fled to Hong Kong soon after, telling a colleague that that was where some of the missing money was located. Authorities charged Arntsen with embezzling $2.5 million in client funds and arrested him upon his arrival in Hong Kong. He currently faces up to 25 years in prison for charges for first-degree larceny and first-degree scheme to defraud. Additionally, he and Crowell & Moring face at least three civil lawsuits related to the alleged theft.