Connecticut Lawyer Who Admitted Embezzling $700K From Clients Found Dead In Iowa
- Jonathan Hoyt, the once-respected lawyer who vanished in July after embezzling some $700,000 from his clients, has been found dead in a rented room in Cedar Rapids, Iowa, police report. Cedar Rapids police told Clinton police that Hoyt, 59, committed suicide with a combination of nitrous oxide and sleeping pills in the modest room he had rented under the name "Jim Bragg." [...] Hoyt, whose professional and personal life evidently was dissolving in what his son, Christopher, a partner in the Hoyt Law Group office in New York City, called a clinical depression, was last seen in his Clinton offices July 6. The next day, he wrote a letter describing in detail the embezzlement of money from his clients and accepting full and sole responsibility for the crime. Police estimate more than $700,000 was stolen from about eight clients as Hoyt helped himself to money deposited in his attorney’s trust account. One victim apparently was duped into a bogus investment scheme, police said.
Go here or go here for other stories of theft of escrow / trust funds by account holders. sneaky slick escrow agents beta
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