SARASOTA, FL – June 22, 2018 – 8:30 a.m.
Jordan Wallach, 63, of Sarasota, has been charged with one count of Grand Theft of $100,000 or more after Sarasota Police Detectives discovered he misappropriated at least $215,353.39 of client funds during his time practicing as a divorce and family attorney between December 2014 and August 2017.
In September 2017, one of Wallach’s victims attempted to cash a life insurance check that was from Wallach’s firm and it bounced due to insufficient funds. In October 2017, an emergency petition was issued for Wallach to replace the funds. When the funds were not replaced, Wallach’s accounts were frozen.
In November 2017, Detectives spoke with several victims who said they hired Wallach to handle family fiscal matters. In each case, victims told Detectives that they had attempted to gather their funds that were entrusted to Wallach, but he did not return their money. It was later determined that Wallach had been writing checks not listed on the accounting ledgers and was transferring money to various other accounts belonging to himself.
In February 2018, Sarasota Police Detectives attempted to speak with Wallach about the allegations but Wallach refused. The evidence was forwarded to the State Attorney’s Office and on June 21, 2018, Wallach was arrested at his house without incident. He’s currently being held at the Sarasota County Jail on a $200,000 bond.
Wallach has been voluntarily disbarred by the Florida Bar following a January 2018 Florida Supreme Court order where Wallach appeared to be causing great public harm based on his misappropriation of at least $215,000 of client funds.
Sarasota Police Detectives are concerned there may be additional victims. If you feel like you may be a victim of Wallach, you’re encouraged to contact Sarasota Police Detective Ross Revill at 941-954-7092 with information on this case or leave an anonymous tip with Crime Stoppers by calling 941-366-TIPS or online at www.sarasotacrimestoppers.com