Monday, April 19, 2010
The Georgia Supreme Court agreed to a hearing panel reprimand of an attorney who had allowed a paralegal to conduct a real estate transaction in which her clients were the sellers. The paralegal included a phony charge of $2,000, which was embezzled.
The attorney had failed to supervise the transaction and the operation of the firm's accounts, which were only reconciled on a quarterly basis. The attorney admitted that her trust account records "did not reflect at all times the exact balance held for each client and third person."
The real estate transaction was not properly closed which led to a foreclosure notice and adverse credit reports. The attorney addressed these problems and repaid the amount that the paralegal had stolen. The paralegal was convicted of offenses that included felony theft. (Mike Frisch)