Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Sunday, May 18, 2014

Estate Planning Attorney Faces Forfeiture

Fraud 1

Estate planning attorney, Sarah Laux, is not only facing civil fraud, theft claims, and a disbarment action, but now she must also defend herself against the IRS, which seeks forfeiture of one of her Mequon homes on grounds it was purchased with proceeds of illegal activity.  Despite Laux’s documented and admitted forgeries surrounding the millions of dollars belonging to clients and her father’s law practice, she still has not been charged criminally. 

In a sworn affidavit, IRS Special Agent Park Jones asserts Laux purchased the property with proceeds of wire fraud and money laundering.  The forfeiture action came days after the state Office of Lawyer Regulation filed a complaint against Laux over her handling of $2 million that belonged to a retired couple.  The state agency’s complaint alleges six counts of professional misconduct, for comingling clients’ funds, and “conduct involving dishonesty, fraud, deceit, or misrepresentation.” 

See Bruce Vielmetti, Despite Fraud and Theft Claims, Mequon Lawyer Faces No Charges, Milwaukee Journal Sentinel, May 15, 2014. 

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/05/estate-planning-attorney-faces-forfeiture.html

Estate Planning - Generally, Malpractice | Permalink

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