January 31, 2012
Practice Pointer: Don't Use Trust Funds As Collateral For Gambling Debts
The New Jersey Supreme Court agreed with its Disciplinary Review Board that an attorney engaged in an instance of knowing misappropriation and ordered disbarment. The attorney also had used his trust account funds "as a source of collateral to cover gambling debts."
The attorney used a trust check to cover a casino "gambling marker" of over $20,000.
He was admitted to practice in 2002 and had defaulted on the bar charges. (Mike Frisch)
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