Friday, October 16, 2009

Lawyer Indicted

An embattled San Antonio lawyer was indicted Wednesday on charges she looted a substantial inheritance intended for her grandmother.

Michelle Lorenz Valicek, 51, faces up to life in prison if convicted of felony misapplication of fiduciary property.

Valicek's grandmother, a 95-year-old retired ballet instructor diagnosed with dementia, was determined by a probate court in 2006 to be the sole heir to her reclusive nephew's fortune. Robert Bonner had amassed an estimated at $2.38 million by the time he died in 2005.

Valicek became administrator of Margaret Lorenz's inheritance in 2006, but she was removed from the position 2 ½ years later. A probate court report indicated that, at one point, she was spending $25,000 a month of her grandmother's money on items ranging from a baby grand piano to two homes.

The total loss from the inheritance is believed to be in excess of $500,000, said Adriana Biggs, chief of the district attorney's white collar crimes division.

Source:
Lawyer Indicted for Spending Grandmother's Money

See Also:
Lawyer Ordered to Vacate

Lawyer Accused of Elder Abuse

8 comments:

Anonymous said...

If she spent the money on a grand piano and houses, then send her away for good.

Anonymous said...

Living the good life on someone else's money - shameful Valicek if found guilty must go to prison as part of her sentence if not the message is: CRIME DOES PAY

Norma said...

And she was a lawyer!

StandUp said...

Up to life in prison?! Now that's holding somebody accountable!

Anonymous said...

Her grandmother was 95 and Valicek couldn't wait to get the money?

What a shame.

Anonymous said...

I wonder what will become of the coveted inheritance now....

Anonymous said...

There is no low the greedy won't go.

Mike said...

Valicek faces life in prison, but she'll probably get a few months and suspension.