Record #:

44042

Author(s):

Pope, Kathy E.

Abstract:

"From 2011 to 2021, Alex Murdaugh allegedly stole millions and embezzled cash from an IOLTA general trust account held by a Hampton, SC, law firm. How did that go undetected for so long? What opportunities were missed to disclose wrongdoing? How does an attorney rack up 99 counts of embezzlement, fraud, and other financial crimes against his firm and his clients without getting caught sooner." The author contends and supports that unfortunately some reputable lawyers convince themselves for whatever reason that regulations or rules don't necessarily apply to them.

Source:

North Carolina State Bar Journal (NoCar KF 200 N67), Vol. 28 Issue 3, Fall 2023, p8-13

Subject(s):

Trust accounts--rules and management; Murdaugh, Alex (attorney)