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Former New Haven, Conn.-based bankruptcy attorney Peter Ressler was sentenced to five years and three months in prison, followed by three years of supervised release, after he previously pleaded guilty to wire fraud, two counts of embezzlement from a bankruptcy estate and bankruptcy fraud, the New Haven Register reported. In total, Ressler misappropriated more than $3.4 million from 48 clients and used the money for personal and family living expenses including a beach condo, frequent trips to Florida and multiple boats, to cover the expenses of his practice and to fund payments relating to other clients and other bankruptcy estates from which he had previously improperly taken monies. Along with his imprisonment, he has to pay more than $4.8 million in restitution, which includes the embezzled funds and additional monies he did not embezzle but owes to more than 60 other clients of his law practice.