Tuesday, November 4, 2014

Deceased attorney under investigation over missing money

 Editor's note:  Your Probate Shark wishes an investigation of Alice R. Gore's deceased insurance agent attorney in regards to her missing money.  Lucius Verenus, Schoolmaster, ProbateSharks.com

Deceased attorney under investigation over missing money


By Jeff Reinitz, Waterloo-Cedar Falls Courier, Iowa
McClatchy-Tribune Information Services
Nov. 02--WATERLOO -- An attorney at a prominent Waterloo firm who died in September is at the center of a probe over missing money, according to court records.Last week, a Waverly family filed a claim against David Alan Roth's estate, seeking more than $64,000 he allegedly pocketed after promising to invest proceeds from a life insurance policy following a fatal accident."If the allegations are true, it's a tragedy," said attorney Thomas Houser, who is handling Roth's estate. "I don't have any basis to know if those allegations are accurate. We are just in the infancy of the administration of the estate."Officials at the firm where Roth practiced, Gallagher, Langlas and Gallagher, declined to comment."I can't really talk about that," Edward "E.J." Gallagher III said. He said the firm has legal counsel in the matter.Attorney David Engelbrecht, who is representing the Schneider family of Waverly, couldn't be reached for comment.Roth, 51, had been with Gallagher, Langlas and Gallagher since 1992, a year after finishing law school at Drake. He became the registering agent for the law firm in February 2004, and at the time of his deathwas the firm's president and secretary, according to filings with the Iowa Secretary of State. He handled family law as well as personal injury, criminal and insurance cases, according to the group's website.On the afternoon of Sept. 22, Roth sent a text message to a friend indicating he was going to do something to himself, and he was found later that day at his Hudson home, according to his death certificate. His death was ruled suicide by hanging, which the medical examiner said was a consequence of depression.His death came about a month after he allegedly took money from the family of Adam Schneider, according to a claim Engelbrecht submitted in Roth's estate.The claim alleges fraud and malpractice on the part of Roth."Decedent (Roth) simply stole the funds from claimant for his own personal use," the claim states.Schneider, 26, and his father, Rick, 49, operated a family milling business in Waverly. Both men died in March 2013 when they were overcome by high level of carbon monoxide inside a grain bin where a small fire had been smoldering.

His wife, Nikki, received $50,000 in life insurance, and there was another $14,164 in memorial funds and her children's savings account. On Aug. 14, she consulted with Roth, who said he would create a conservatorship and invest the money, according to court records.Four days later, Roth took the wife to her bank, where she withdrew $64,161 and put it into a cashier's check made out to Gallagher Langlas, court records state. Roth said he would put the money into the firm's trust account and then move it into the conservatorship.The claim alleges Roth never intended to set up the conservatorship and instead kept the money for his own use.The task now for Houser is determining if there are similar claims out there.Because of the confidential nature of attorney-client relationships, the administrator doesn't have a starting point and is trying to work with Roth's firm."That's the challenge right now. Who knows who these people are," Houser said.After the second legal notice of the estate's opening is published on Nov. 7, creditors will have four months to file claims, so it will be March until the estate can take action.
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(c)2014 Waterloo-Cedar Falls Courier (Waterloo, Iowa)
Visit Waterloo-Cedar Falls Courier (Waterloo, Iowa) at www.wcfcourier.com
Distributed by MCT Information

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