A lawyer in Virginia Beach, Va., was arrested June 20 for allegedly stealing $520,000 from his client’s trust fund.
Brian Gay, 52, was indicted before U.S. District Court on federal charges: 10 counts of mail and wire fraud, engaging in unlawful monetary transactions and making false statements to federal agents, according to the Virginian-Pilot.
After Gay’s client died, he allegedly made small payments in life insurance proceeds to the client’s children, but kept most of the money for himself, the newspaper reported.
The Virginia State Bar revoked Gay’s law license after in light of the charges.
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Virginia Lawyer Arrested for Allegedly Pocketing Client Funds
We are starting to see more and more of these type articles. Are lawyers getting hungry in this harsh economy?
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