TRUST FUNDS
USED BY SOLICITORS
ACCOUNT £10,000 SHORT.
FRANK CONFESSION MADE
AUCKLAND, This Day.
| In the Supreme Court the Auckland Law Society mado application for a rule nisi calling upon Arthur Cracknel!, tlio surviving partner of Hammond and Cracknell, to show cause why he .should not be struck off the rolls or suspended from practising as a solicitor. Cracknell, in a sworn statement, said his firm received from the solicitors for Oliver Reed, a farmer, £3000, and used this money for its own private purposes, with the consent of Oliver Reed. He also stated thai- there were many other cases of obtaining and using clients' trust funds, with the knowledge and consent of both partners in most cases; that there is now in the trust account of the firm a sum not exceeding £250; that clients' funds amounting to at least £10,000 have been misapplied by 'the firm or the partners thereof. Mr Justice Adams said Cracknell had been very open and frank. The rule nisi was granted as asked for. — Press A??n.
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https://paperspast.natlib.govt.nz/newspapers/NA19210920.2.26
Bibliographic details
Northern Advocate, 20 September 1921, Page 5
Word Count
173TRUST FUNDS Northern Advocate, 20 September 1921, Page 5
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