Justin Paperny

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Justin Paperny
Born
Encino, Los Angeles, California, U.S.
Education University of Southern California (BA, Psychology, 1997)
Occupation(s)Prison consultant, author, nonprofit founder, speaker
Known forCo-founding White Collar Advice
Prison Professors Charitable Corporation
FBI Academy lecturer
Criminal justice reform advocacy
WorksLessons from Prison (2009)
Ethics in Motion (2010)
Criminal charge(s)Conspiracy to commit mail, wire, and securities fraud (2007)
Criminal penalty18 months federal prison
Criminal statusReleased (May 2009)
Website www.whitecollaradvice.com

Justin Paperny is an American prison consultant and former stockbroker who served 18 months in federal prison for securities fraud. [1] [2] Paperny now operates White Collar Advice, a consulting firm. [3] [4]

Contents

Early life and education

Paperny attended the University of Southern California (USC), where he played for the USC Trojans baseball team and graduated in 1997 with a Bachelor of Arts in psychology. [5]

Paperny began his career in finance in 1997. He worked for firms including Merrill Lynch, Bear Stearns, and UBS Financial Services. [2]

Career and conviction

In February 2007, Paperny pleaded guilty to one count of conspiracy to commit mail, wire, and securities fraud related to the GLT Venture Fund scheme operated by hedge fund manager Keith G. Gilabert. As part of his plea agreement, Paperny admitted to misleading investors about the fund's performance and receiving kickbacks. He agreed to cooperate with federal investigators. [2] [6]

On February 25, 2008, U.S. District Judge Stephen V. Wilson sentenced Paperny to 18 months in federal prison and ordered him to pay $510,378 in restitution to victims. [7] In a related civil case, the U.S. Securities and Exchange Commission alleged that Paperny earned $220,500 in commissions from the fraudulent scheme. He settled the charges without admitting or denying the SEC's allegations. [8]

Prison consulting career

Following his release in 2009, Paperny co-founded White Collar Advice, a prison consulting firm in 2009. [9] [3] Paperny has provided consultation and media commentary on numerous high-profile federal cases. [3] [10] [11] [12] [13] [14] [15]

Paperny's past clients included actress Lori Loughlin, [16] parents in the Vasity Blues college admissions scandal, [9] [17] [18] [3] and former cast member of The Real Housewives of Salt Lake City , Jen Shah. [19]

Published works

References

  1. ↑ Hitt, Jack (June 7, 2022). "Want to Do Less Time? A Prison Consultant Might Be Able to Help". The New York Times. Retrieved September 6, 2025.
  2. 1 2 3 "Account manager at major brokerage firm pleads guilty in securities fraud case" (Press release). United States Attorney's Office, Central District of California. February 26, 2007. Archived from the original on July 15, 2025. Retrieved September 1, 2025.
  3. 1 2 3 4 Holley, Peter (March 20, 2019). "Parents charged in the college admissions scandal are turning to this convicted felon for advice on life in prison". The Washington Post. Retrieved September 1, 2025.
  4. ↑ "PPCC - Prison Professors". Prison Professors. May 31, 2024. Retrieved September 3, 2025.
  5. ↑ Reed, Tucker (April 4, 2010). "USC alum returns to speak about white-collar crime". Daily Trojan. Retrieved September 1, 2025.
  6. ↑ Archives, L. A. Times (February 27, 2007). "Former UBS employee pleads guilty to fraud". Los Angeles Times. Retrieved September 6, 2025.
  7. ↑ "Former hedge fund manager sentenced to five years in federal prison in securities fraud case" (Press release). United States Attorney's Office, Central District of California. February 25, 2008. Archived from the original on July 16, 2025. Retrieved September 1, 2025.
  8. ↑ "Ex-broker settles GLT lawsuit". Los Angeles Times. January 15, 2008. Retrieved September 1, 2025.
  9. 1 2 Moghe, Sonia (March 22, 2019). "Prison consultant has tough-love advice for suspects in college admissions scandal". CNN. Retrieved September 5, 2025.
  10. ↑ Miller, Julie (March 4, 2020). "Harvey Weinstein's Prison Consultant Probably Gave Him This Advice". Vanity Fair. Retrieved September 1, 2025.
  11. ↑ LaMotte, Sandee (March 11, 2020). "Prison consultants: Helping Harvey Weinstein and other criminals manage their jail experience". CNN. Retrieved September 1, 2025.
  12. ↑ Shamsian, Jacob; Musumeci, Natalie (September 1, 2025). "Ghislaine Maxwell joins Jen Shah at 'Club Fed.' The 'Real Housewives' star's prison consultant calls it a major upgrade". Business Insider. Retrieved September 3, 2025.
  13. ↑ Baker, K.C. (September 27, 2019). "A Former Convict Explains What Felicity Huffman Could Face in Prison: 'It Can Be Humiliating'". People.com. Retrieved September 5, 2025.
  14. ↑ Goodkind, Nicole. "Elizabeth Holmes's trial over. Here's what the future could hold for the founder convicted of fraud". Fortune. Retrieved September 6, 2025.
  15. ↑ McMahan, Dana (April 27, 2020). "Going stir-crazy in lockdown? A former prisoner has some advice". TODAY.com. Retrieved September 6, 2025.
  16. ↑ Ensor, Josie (July 4, 2022). "The 'prison consultants' who win soft sentences for the rich and famous". www.telegraph.co.uk. Retrieved September 5, 2025.
  17. ↑ Kashinsky, Lisa (April 10, 2019). "Prison coaches say college scam defendants could face paparazzi, toilet-scrubbing duty". Boston Herald. Retrieved September 5, 2025.
  18. ↑ "Why rich convicts hire prison consultants". BBC. May 5, 2019. Retrieved September 5, 2025.
  19. ↑ Gawley, Paige (May 30, 2023). "Jen Shah and Elizabeth Holmes May Connect in Jail: Prison Consultant". Entertainment Tonight. Retrieved September 5, 2025.
  20. ↑ Paperny, Justin M. (2016). Lessons from Prison. Self-published. ISBN   978-1522833321.
  21. ↑ Paperny, Justin M. (2010). Ethics in Motion. APS Publishing. ISBN   978-0983134022.
  22. ↑ Paperny, Justin; Santos, Michael (2019). Living Deliberately. Independently published. ISBN   978-1077266063.
  23. ↑ Paperny, Justin; Santos, Michael G. (2019). Prepare: What Defendants Need to Know About Lawyers, Mitigation, Sentencing, Prison, and the First Step Act. Independently published. ISBN   978-1082190452.
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