Wednesday, April 4, 2012

Reimbursements to Victims of Lawyer Theft Bring Fiscal Year Total to Nearly Half a Million Dollars

At its final meeting of fiscal year 2012, the Wisconsin Lawyers’ Fund for Client Protection Committee approved $35,790 in reimbursements to 11 victims of lawyer theft. The committee considered 26 claims, denied 12 claims, and deferred three to its Nov. 9 meeting. The dollar amount sought for the deferred claims totals $9,875.

The Wisconsin Supreme Court established the fund in 1981 to reimburse people who lost money through dishonest acts of Wisconsin attorneys. Reimbursement decisions are made at the discretion of the committee, which meets three times a year.

In this fiscal year (July 1, 2011 – June 30, 2012), the fund approved $463,421 to 31 victims of 16 lawyers. Since its inception in 1981, the fund has approved $5.1 million involving 710 claims and 160 attorneys.

Full Article and Source:
Reimbursements to Victims of Lawyer Theft Bring Fiscal Year Total to Nearly Half a Million Dollars

3 comments:

StandUp said...

And that's just the known cases!

Anonymous said...

WHAT is this about? Oh boy I just can't wait til I need a lawyer might as well go walking through dark alleys at night knowing I'm being set up for a mugging. Crooks and liars tells you what we face in SOME of the courtrooms twisted justice. What a sick system we are FORCED to accept.

'Since its inception in 1981, the fund has approved $5.1 million involving 710 claims and 160 attorneys.'

Thelma said...

That's why they're supposed to keep client funds in those IOLTA
accounts, so the Bar can get the interest to pay out the awards on damages.