Trust Account Fraud
Trust account fraud is a very serious crime that can raise both civil and criminal penalties in Georgia. If you are facing charges involving an IOLTA account or other business trust account, it is critical to put the skill of an experienced criminal defense lawyer in your corner. At Garland, Samuel & Loeb, we have a proven reputation for successfully protecting our clients’ best interests in all defense matters.
Obligations Under IOLTA Accounts and Other Trust Accounts
Interest on Lawyers Trust Accounts (IOLTA) is a trust account that attorneys must maintain for their clients to hold money before the law firm earns it. When you or a business partner is accused of operating these accounts in a fraudulent manner, you will be facing very serious penalties.
You have many requirements under these accounts, including:
- Never commingling trust account funds with personal funds
- Safe-keeping the property in the trust
- Paying interest to the Georgia Bar Foundation or to the client who earned it
- Keeping very clear and accurate records of the account and any transactions within it
Because violating these rules can lead to both civil and criminal penalties, putting a team with more than 70 years of experience in your corner is imperative. Having a knowledgeable lawyer by your side can greatly increase your chances of a successful outcome.
Business Partner Fraud
If your business partner has stolen from you or you are being accused by your partner of stealing from the company, consulting with an experienced attorney is critical. These accusations of fraud carry severe punishments and can involve numerous criminal charges, including embezzlement, investment fraud and other white collar criminal offenses.
Contact Our Law Firm for Advice Regarding Trust Account Fraud Charges
For answers to your trust account fraud questions, call our law firm at 404-975-0459. We serve clients throughout Georgia in both state and federal fraud cases.