This is likely the most serious violation a lawyer can commit, absent a criminal felony act or perjury!
Wayne P. Kristall, P 24471, Southfield, Michigan, by the Attorney Discipline Board TriCounty Hearing Panel #66.
1. Suspension - 30 Days
2. Effective January 21,2016
Respondent (Wayne Kristall) appeared at the hearing and filed an answer to the formal complaint. The hearing panel found that respondent held funds other than client or third person funds in an IOL T A, in violation of MRPC 1.15(a)(3); and deposited his own funds in the client trust account in excess of an amount reasonably necessary to pay financial institution service charges or fees or to obtain waiver of service charges or fees, in violation of MRPC 1.15(f).
The panel ordered that respondent's license to practice law in Michigan be suspended for 30 days. Costs were assessed in the amount of $2,805.86.