In re Wolf

OPINION OF THE COURT

Respondent was admitted to practice in the Second Department on June 28, 1932 and maintained an office for the practice of law within the First Judicial Department.

*420In May of 1977, the respondent represented a client in the sale of his luncheonette. At the closing, respondent received $10,000 on behalf of his client and was to hold in escrow $1,500 for settlement of the New York State tax. He held the entire $10,000, and there was no indication of whether or not this amount was held in an escrow account.

In May of 1978, the client was informed that the sales tax release had…