February 8, 2012
Partnership Perils Lead To Suspension
The Pennsylvania Supreme Court has approved the imposition of a one-year suspension in a case where the sanctioned attorney was in a small law firm partnership with an attorney who misappropriated trust account funds.
His partner had responsibility for the distribution of funds out of the trust account. He executed those functions badly. He stole trust funds and offered the sanctioned attorney excuses for the ensuing distrubution delays.
After a period of time, the sanctioned attorney was aware that his partner was a thief. He did not freeze the escrow account, because he thought it "would cause a problem." He made misrepresentations to his clients about the distribution delays in their cases.
The feds came calling. The sanctioned attorney cooperated in the criminal case against his former partner. (Mike Frisch)
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