Former public adjuster Abraham M. Blumberg of Miami, Fla. made some “adjustments” to hisclients' funds that have landed him in court.

Blumberg, 35, had his public adjuster's license revoked on Nov.3, 2010, marking the beginning of his legal issues. About fourmonths later, on March 1, 2011, Blumberg was arrested andimmediately taken to Miami-Dade Circuit Court, where he pled guiltyto organizing a fraud scheme.

The investigation that led to his arrestrevealed Blumberg's number crunching crime, in which he took$363,617 in clients' funds that were supposed to be held in trust,and used them to cover internal thefts, illegal gambling, and drugdebts for employees and a member of his family. Authorities came tothe courtroom armed with statements from 82 victims of Blumberg'sblunder, as well as insurance claim files, and bank accountrecords.

With all of that evidence against him, it's no surprise that thecase was wrapped up the same day he was arrested. Blumberg willserve 364 days in county jail, 30 years probation with the firsttwo to be under community control, and will pay full restitutionplus $15,000 in total costs. Blumberg's sentence doesn't go intoeffect for one year though, so he'll have some time to calculatejust how much he owes for his dirty dealings.