State Appellate Court: Attorney Convicted of Embezzlement Had No 'Traditional and Customary' Fiduciary Duty to Lender

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The Maryland Court of Special Appeals recently upheld the Client Protection Fund trustees’ denial of a man’s initial $3.1 million claim for misappropriated funds, finding an attorney who was convicted of embezzling the money was not acting in fiduciary capacity that is “traditional and customary in the practice of law in Maryland.”