Tuesday, June 12, 2012
The New Jersey Supreme Court followed the sanction recommendation of its Disciplinary Review Board and has reprimanded an attorney who engaged in negligent missappropriation and failure to supervise a non-attorney employee.
The attorney spent a lot of time abroad in Greece. The person who acted as his bookkeeper and had learned his business practices took $142,000 from his business account over the period from February to July of 2009.
The attorney admitted that he had failed to heed "telltale signs" that the bookkeeper was "up to no good." He restored the misappropriated funds and showed remorse.
Two DRB members favored the lesser sanction of admonition. (Mike Frisch)