EMBEZZLEMENT and Cases of lawyers embezzling trust funds
EMBEZZLEMENT
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Cases of lawyers embezzling trust funds are not uncommon to come by. The most important issue is how it can be curbed as it cost the society a lot. It is imperative that a strategic system is used to counter the otherwise intelligent lawyers since they have some tactics that would easily help them loose from a legal redress. The initial critical step that must be taken into consideration is the determination of the amount of financial damages incurred by the trust fund management (Crockett, 2007). This involves calculation of the financial misappropriations that demand settlement and restitution. In this regard, it is important to note the value of funds and assets illegally taken then estimating the financial ramifications attached therein.
The next step is to assign an attorney who is experienced on such financial embezzlement case to preside over the investigation. However, there is need to engage an expert in financial issues so that they can help in identification of important documents requested for pertinent information to be used in prosecution during the case. In the event that the truth has been established with incriminating evidence, the accused is liable to the losses and must be put to task by the help of a given legal team in collaboration with the trust board committee members to trace the wealth holdings of the accused (Williams, 2006). Recovering the embezzled funds is a decision of the judicial system and the mode of carrying it out rests with the court. Important items required in this case is the financial books of the trust and the bank accounts of the accused showing possible routes to the aforementioned embezzlement of funds. This entire process employs forensic science incorporated to modern technology in the legal systems and financial crimes investigation.
References
Crockett, J. R. (2007). Hands in the till: Embezzlement of public monies in Mississippi. Jackson: University Press of Mississippi.
Williams, H. E. (2006). Investigating white-collar crime: Embezzlement and financial fraud. Springfield, Ill: Charles C. Thomas.
