Friday, October 26, 2007

Breach Of Faith

The Illinois ARDC has filed ethics charges against a bar member alleging misconduct committed in his capacity as elected pastor of the Grace Conservative Baptist Church of Chicago. The accused attorney conducted his law practice out of church offices. He is alleged to have breached his fiduciary duties as pastor by obtaining a $25,000 loan from the church (which the church members had voted on and agreed to) without security or a promissory note. It is also alleged that he asked a bank to fund a loan of $160,000 to the church using church property as collateral. He represented a church member (who was church treasurer) in a foreclosure matter and authorized payments totalling $60,000 from the bank loan to reinstate the mortgage. Neither the loan to the lawyer or the mortgage payment have been repaid. The lawyer also is alleged to have caused two checks totalling over $26,000 to be paid to him from church funds to use for his business and personal expenses.  (Mike Frisch)

http://lawprofessors.typepad.com/legal_profession/2007/10/breach-of-faith.html

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