Matthew Kluger, a former law firm associate convicted in a 17-year, multimillion-dollar insider trading scheme, was disbarred today in the District of Columbia.
Kluger is serving 12 years in jail after pleading guilty to passing along nonpublic information about business deals he gleaned from his job at some of the nation's biggest law firms. Kluger, disbarred in New York in January, didn't contest his disbarment in Washington.
The D.C. Court of Appeals based its decision to disbar Kluger on his conviction for obstruction of justice, finding it was a "crime of moral turpitude" that required immediate disbarment. Kluger also pleaded guilty to securities fraud charges.