Thread Starter: Elwood P. Dowd
Title: Re: Attorney Issuing Cashier's Checks from IOLTA
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You're right, that's incredibly odd. Is there any way you can match the money going out to funds coming in; e.g. the client received $30,000 in disbursements in a 30 day period, are there funds from a single source coming into the account from another person or entity in the same time frame that approximate that amount?
In other words, could the attorney be acting as the paymaster for an identifiable third party?
P.S. It could be more than one entity or individual making the deposits; i.e. the account could be being used as a "funnel" to aggregate payments from several sources. Look for recurring checks from one or more sources.
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