2 thoughts on “Trust Account Scams Continue

  1. Thanks for these posts, Mike. We see similar scams all around the country on a daily basis. It’s nice most of these are being detected and that everyone is being vigilant, however I have yet to see what steps an attorney should take once the scam is discovered (even it if was prevented). As you point out in scenario #3 “So, it appears that either the realtor, Firm, or Seller’s attorney has been breached.” Once you know there has been a breach, what steps can (MUST?) an attorney take to protect the client funds they are handling? What obligation is there to notify the realtor, other attorney or clients?


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