A disbarred Denver attorney pleaded guilty Monday to felony theft and admitted to defrauding an investor in his business of $125,000.
Steve Bachar, 57, pleaded guilty to one count of felony theft and a second count of misdemeanor theft as part of a plea agreement in which he will receive a deferred judgment on the felony charge, which means it will be wiped from his record if he meets court-set conditions for the next two years.
He also will receive probation on the misdemeanor count as part of the plea deal, District Court Judge Eric Johnson said Monday. Johnson advised Bachar that he will face between two and 12 years in prison on the felony charge if he violates the terms of the deferred judgment. “I understand there is a stipulation to a deferred judgment and sentence, and I will not stand in the way of that,” Johnson said. “But I have to tell you what the maximum penalties are because if you violate the terms of the deferred judgment then you are coming back here for re-sentencing, if it’s proven, and you are looking at that potential sentence.”
Bachar agreed Monday to pay almost $175,000 in restitution; that money will be due at his Jan. 29 sentencing in Denver District Court. He admitted in court that he took $125,000 from a man who believed he was investing in Bachar’s business, Empowerment Capital. Bachar promised to give the man a 10% share of profits in the company in exchange for the investment, but he misrepresented the risks of the investment and misrepresented his business partners’ agreement to the deal, he admitted in court.
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