…how can you recover it?
We know what can happen to a lawyer who steals a client’s money (bad things, disbarrment, prison, etc.). But what happens to the client and his/her money, at least if it’s escrow real property money?
Here’s your answer, from today’s New York Law Journal:
Lawyers’ Fund Most Often Covers Thefts From Escrow
Joel Stashenko, New York Law Journal |
The state Lawyers’ Fund for Client Protection said in its annual report for 2014 that about one-third of the $6.1 million it paid out last year, or $1.97 million, went to clients whose lawyers stole real property escrow funds.