MEMORANDUM OPINION
JOHN FEIKENS, Chief Judge.
Debtor, Paul Livingston, brings this appeal from a judgment entered on March 19, 1984, in favor of Zurich Insurance Company. Appellant challenges Judge Graves' finding that he committed a defalcation under 11 U.S.C. § 523(a)(4). For reasons stated herein, the decision of the Bankruptcy Court is affirmed.
I. BACKGROUND
Appellant, Paul Livingston, was a licensed insurance agent for a number...
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