The Atlanta Journal Constitution reported on Wednesday that an Atlanta law firm and a related title company have sued a partner at the law firm, alleging he embezzled $30 million from escrow and other accounts.
Morris Hardwick Schneider, LLC and Landcastle Title, LLC, filed the suit on August 25. The defendant is Nathan E. Hardwick, IV, who ran the residential practice at Morris Hardwick and was a former managing partner of the firm, according to the Journal Constitution.
The suit alleges that Hardwick, “systematically depleted Firm accounts, including Firm Trust Accounts and Firm Operating Accounts, for his personal benefit.” The plaintiffs also claim that Hardwick, “raided other Firm and/or Landcastle escrow or trust accounts,” and then attempted to cover up his actions.
The plaintiffs claim that Hardwick diverted $6.3 million to a company he controlled (co-defendant Divot Holdings, LLC), diverted $1 million for private jet services and diverted $645,000 for losses in failed real estate investments.
Hardwick’s lawyer called the allegations “false” and stated that Hardwick looks forward to clearing his name.
ABA also covered the story.