Suspended Attorney Gets Pinched For Pocketing $650K+ In Trust Funds Misappropriated From Foreclosure Transactions; Seeks To Voluntarily Surrender Law License In Effort To Dodge Disbarment In Separate Bar Probe

In Fort Lauderdale, Florida, the South Florida Sun Sentinel reports:

• Coconut Creek attorney Nicholas Theodore Steffens turned himself in to a Broward County jail to face charges of grand theft after prosecutors said more than a half-million dollars were misappropriated from foreclosure transactions.
  
  Last month the Supreme Court of Florida suspended Steffens, 36, of Parkland, from practicing law, based on an ongoing investigation by the Florida Bar.
  
  In four mortgage foreclosure cases, funds totaling $654,696.83 were used to pay Steffens' personal expenses and to pay money owed to a mortgage lender or loan servicing company, an arrest affidavit said.
  
  Two transactions happened in Miami-Dade County and two were in Broward County.
  
  The Florida Bar said it opened its investigation into Steffens on Jan. 29 and on Sept. 16 filed its petition for emergency suspension, which the Supreme Court approved two days later.
  
  With ongoing disciplinary proceedings that could eventually mean disbarment, Steffens filed a document on Sept. 28 with the Supreme Court to voluntarily surrender his law license, his lawyer Kevin Tynan said.
  
  The court's response is pending.
  
  Meanwhile, Steffens cannot accept new clients and had to stop representing existing clients 30 days after his suspension, according to the court's order.
  
  He also had to notify clients, opposing lawyers and the courts of his status with the Bar. And he was ordered to stop disbursing or withdrawing any monies from clients' trust accounts related to his law practice without the Supreme Court's approval.
  
  Broward County Circuit Judge Elizabeth Scherer ordered a $200,000 bond for Steffens, who surrendered on Tuesday. To get out of jail before trial, Steffens must show that the bond money is from legal sources.

Source: Coconut Creek lawyer charged with grand theft.