Friday, December 23, 2016

Improper Siphoning Of $125K From Escrow Account Among Bad Acts Leading To Central Florida Attorney Getting Law License Yanked

In Altamonte Springs, Florida, the Orlando Sentinel reports:
  • Orlando area attorney has been disbarred after being charged with cocaine possession, using a firearm while under the influence, and misappropriating escrow money.

    William Glenn Roy III, of Altamonte Springs, is a third generation attorney who misappropriated approximately $125,000 of escrowed funds he held as an escrow agent, according to the Florida Bar.(1)

    The bar report said he also altered bank statements and other documents pertaining to the IRS in an effort to conceal the misappropriation.

    His prosecution was deferred while he participates in the Florida Lawyers Assistance Program for drug and alcohol treatment.
Source: Cocaine, misappropriation get Altamonte lawyer disbarred.
(1) The Clients' Security Fund was created by The Florida Bar to help compensate persons who have suffered a loss of money or property due to misappropriation or embezzlement by a Florida-licensed attorney.

For similar "attorney ripoff reimbursement funds" that sometimes help cover the financial mess created by the dishonest conduct of lawyers licensed in other states and Canada, see:
Maps available courtesy of The National Client Protection Organization, Inc.