Toronto lawyer ordered to pay more than $1M after clients said he kept money from real estate, business deals | CBC News Loaded
They said they hired Ping-Teng Tan to handle the sale because they trusted him after using him for previous legal work. Tan did not respond to CBC Toronto's requests for comment for this story on his personal email and cellphone. His law firm email has been shut down and the phone number is not in service.
In her decision in Zhang's case, Ontario Superior Court Justice Jill Cameron said it's clear Tan is in breach of contract, trust and fiduciary duty. The LSO investigator told Tan's lawyer that despite retiring, he is still required to hand over the required information for the investigation and urged Tan to co-operate.
Once the taxes were paid and the Canada Revenue Agency issued certificates of compliance, the remaining $547,000 was to be released to the couple. "People implicitly trust their lawyers," he said. "They just assume that once they give their lawyers money for safekeeping, that their lawyers will not abuse that trust. And obviously in this case, that trust has been shaken."
Lesage is a former LSO bencher, which means he helped govern the LSO and set policy. He said insurance doesn't kick in if the lawyer intentionally took the money, if they don't co-operate with their insurance company or if they don't report the claim to the insurance company.
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