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  • May 01, 2004

    Inside the Bar May 2004: Clients' Security Fund disburses $25K, sets FY 05 assessment

    The Clients' Security Fund Committee approved reimbursements to 10 victims of lawyer theft in March. It also set the fiscal year (FY) 2005 assessment at $10.

    Inside the Bar
    May 2004

    Clients' Security Fund disburses $25K, sets FY 05 assessment

    The Clients' Security Fund Committee approved reimbursements to 10 victims of lawyer theft in March. It also set the fiscal year (FY) 2005 assessment at $10.

    The committee approved reimbursements totaling $26,461.16 to 10 victims of lawyer theft. Claims were approved for clients of Allen E. Schatz (one claim for $419), the late Brian H. Blacher (four claims totaling $10,457), Francia M. Evers (two claims totaling $2,600), the late Gary M. Williams (one claim for $2,135), Clay F. Teasdale (one claim for $950), and William J. Gilbert (one claim for $9,900). The committee deferred action on two claims totaling $150,000 to its September meeting. The number of claims approved during fiscal year 2004 is 22, for a total of $83,002.96.

    The committee set the FY 05 assessment at $10, based on the antici-pated fund balance at the end of the current fiscal year and claims anticipated to be filed for consideration in FY 05.

    The supreme court established the fund to reimburse people who lose money through dishonest acts of Wisconsin attorneys, including unearned retainer, theft from estate, misappropriation of funds, conversion of trust account funds, and theft by investment. All claims for reimbursement and all proceedings of the committee are subject to SCR 12.04.


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