Credit: Atstock Productions/Shutterstock.com State Appellate Court: Attorney Convicted of Embezzlement Had No 'Traditional and Customary' Fiduciary Duty to Lender
The Maryland Court of Special Appeals recently upheld the Client Protection Fund trustees' denial of a man's initial $3.1 million claim for misappropriated funds, finding an attorney who was convicted of embezzling the money was not acting in fiduciary capacity that is "traditional and customary in the practice of law in Maryland."
July 06, 2022 at 07:23 PM
5 minute read
Consumer Protection
The Maryland Court of Special Appeals has upheld the Client Protection Fund trustees' denial of a man's initial $3.1 million claim for misappropriated funds, finding an attorney who was convicted of embezzling the money from an escrow account was not acting in a fiduciary capacity that is "traditional and customary in the practice of law in Maryland."
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