Justin Paperny

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]

Justin Paperny
Born	Encino, Los Angeles, California, U.S.
Education	University of Southern California (BA, Psychology, 1997)
Occupations	Prison consultant, author, nonprofit founder, speaker
Known for	Co-founding White Collar Advice Prison Professors Charitable Corporation FBI Academy lecturer Criminal justice reform advocacy
Works	Lessons from Prison (2009) Ethics in Motion (2010)
Criminal charge(s)	Conspiracy to commit mail, wire, and securities fraud (2007)
Criminal penalty	18 months federal prison
Criminal status	Released (May 2009)
Website	www.whitecollaradvice.com

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 and appeared with well-known media figures such as Dr. Phil.^{[3][10][11][12][13][14][15][16]}

Paperny's past clients included actress Lori Loughlin,^[17] parents in the Vasity Blues college admissions scandal,^{[9][18][19][3]} and former cast member of The Real Housewives of Salt Lake City, Jen Shah.^[20]

Published works

• Lessons from Prison (Etika LLC, 2009; reissued CreateSpace, 2016) – Memoir detailing his criminal case and prison experience^[21]
• Ethics in Motion (APS Publishing, 2010) – Analysis of ethical decision-making in business, used as required reading at USC Marshall School of Business^[22]
• Living Deliberately (with Michael G. Santos, 2019) – Guide for entrepreneurs and business owners on digital media strategies^[23]
• Prepare: What Defendants Need to Know About Lawyers, Mitigation, Sentencing, Prison, and the First Step Act (with Michael G. Santos, 2019) – Comprehensive guide to federal sentencing and prison preparation^[24]