MATTER OF LAWRENCE BLACK, INC. v. CUOMO


65 A.D.2d 845 (1978)

In the Matter of Lawrence Black, Inc., et al., Petitioners, v. Mario M. Cuomo, as Secretary of State of The State of New York, Respondent

Appellate Division of the Supreme Court of the State of New York, Third Department.

November 9, 1978


The hearing to consider allegations against the individual petitioner disclosed that on numerous occasions he had transferred funds from an escrow account to a general operating account which was then used as a source to pay his personal expenses. The escrow account was replenished as necessary with funds borrowed from friends. In our view the record supports the determination that petitioner violated the rule regarding escrow accounts, and that his transgressions provided...

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