Mitch Kossoff Will Be Released From Prison

The former attorney will leave the Groveland Correctional Facility on September 22, 2026, following parole board approval.

Updated on Sept. 22, 2026 in Financial Crime

Bold flat-color editorial illustration of a red brick facade with a single dark window, evoking the gravity of a judicial sentence. — New York parole officials have approved the release of former attorney Mitch Kossoff, who is set to leave prison in September 2026. AI Illustration. Upload story photo >

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New York parole officials have granted the release of Mitch Kossoff, who is scheduled to leave prison on September 22, 2026. The 72-year-old former attorney served over four years of a sentence that could have lasted up to 13.5 years.

Why it matters

Kossoff's release follows a high-profile case involving the theft of more than $14.6 million in client escrow funds. His departure from incarceration marks a major turning point in a scandal that led to his disbarment and ongoing civil litigation.

Kossoff was sentenced for one count of fraud and three counts of grand larceny, serving four years since May 2022. He is required to meet with parole officials within 24 hours of his upcoming release.

The players

Mitch Kossoff

He is a former attorney who was disbarred in 2022 after pleading guilty to grand larceny and fraud.

Groveland Correctional Facility

This is a state prison located in Western New York where Kossoff served his sentence.

JPMorgan Chase

This multinational financial services firm is the defendant in an $18.5 million lawsuit filed by a trustee.

The details

The fraud scheme collapsed in early 2021 when clients demanded the return of their money, revealing that Kossoff had diverted escrow funds to support a family packaging business. While he remains slated for release, a court-appointed trustee is currently pursuing an $18.5 million lawsuit against JPMorgan Chase to recover the stolen assets.

Early 2021: The fraud scheme was uncovered after clients demanded their funds.
May 2022: Kossoff began his incarceration at the Groveland Correctional Facility.
September 2025: The parole board denied a previous request for Kossoff's release.
June 2026: The parole board approved the current request for release.
September 22, 2026: The scheduled date for Kossoff's release from prison.

Legal Context

This case reflects broader trends in the prosecution of financial crimes involving the misappropriation of escrow funds. His release marks the end of his active incarceration phase following the legal proceedings initiated by the 2022 disbarment of Mitch Kossoff.

The release of the former attorney concludes the state's custodial oversight of a high-profile white-collar offender. Residents may note this development as the legal system continues to navigate the related multi-million dollar civil litigation.

The takeaway

The case highlights the severe consequences of misusing client escrow funds, which resulted in both long-term prison time and professional disbarment. It serves as a reminder of the fiduciary responsibilities that legal professionals must maintain to protect client assets.