Matter of De Marco

Pee Cueiam.

In the summer of 1965 respondent, Anthony E. De Marco, represented a client by the name of Hart in connection with the sale of the latter’s home. Erom the proceeds of sale received at that time the sum of $10,000 was retained by respondent. This was done with Hart’s consent, although the parties later disagreed as to whether the retention constituted a loan, as respondent contends, or a trust arrangement, as Hart later insisted. Actually a written agreement was executed at the time under the terms of which the sum was to have been repaid with interest in the form of monthly…