In re Raines

Respondent was admitted to the Bar in the First Department in 1946. He is charged with the conversion of funds entrusted to him as escrowee. The Referee has found that the charge has been sustained.

We agree with the learned Referee that there was a conversion in that during the life of the escrow agreement respondent drew against his special account in which the escrow funds were deposited to the extent that the balance in that account was less than the amount of the escrow, and that when payment was called for the account was overdrawn. However, we find that the credible evidence allows the…