The State Bar of Nevada announced today that is has identified a potential Bar-related business embezzlement and has officially notified its members by letter.
The bar has been informed that an agent retained to invest the Bar's savings is unable to locate three $100,000 certificates of deposit for which the Bar had advanced funds to purchase. The bar has filed suit against the agent, and obtained a restraining order to protect other certificates of deposit which were purchased with Bar funds.
The State Bar of Nevada has also notified the Attorney General, the U.S. District Attorney and the Nevada Supreme Court of the potential embezzlement.
The operations of the State Bar are not affected by this situation.
