2011 Annual Report Clients' Security Fund of Ohio - Supreme Court ...
2011 Annual Report Clients' Security Fund of Ohio - Supreme Court ...
2011 Annual Report Clients' Security Fund of Ohio - Supreme Court ...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Collections<br />
Prior to receiving an award from the Clients’ <strong>Security</strong> <strong>Fund</strong>, each claimant<br />
must execute a complete release and subrogation agreement. Based on<br />
the assignment <strong>of</strong> rights in the agreement, the fund initiates collection<br />
proceedings against the dishonest attorney. The amounts collected are<br />
deposited into the CSF trust account.<br />
For the period July 1, 2010, through June 30, <strong>2011</strong>, the fund received<br />
$35,287.04 in restitution revenues:<br />
• $4,357.35 was collected by the <strong>Ohio</strong> Attorney General’s Office<br />
• $2,217 was collected by outside counsel<br />
• $7,739.76 was recovered through voluntary payments<br />
• $12,952.93 was recovered through court-ordered probation and/or<br />
restitution<br />
• $8,020 was collected as a result <strong>of</strong> repayment agreements obtained by<br />
the CSF.<br />
subrogation proceeds<br />
$140,000<br />
$120,000<br />
$100,000<br />
$80,000<br />
$60,000<br />
$40,000<br />
$20,000<br />
$0<br />
1987 1990 1993 1996 1999 2002 2005 2008 <strong>2011</strong><br />
7