In a letter dated one day after Jonathan Hoyt was last seen in his Connecticut law office, Hoyt admits embezzling funds from clients and offers his son, attorney Christopher Hoyt, advice on how to "wrap up" the Hoyt Law Group. Hoyt was respected enough in his field that he gave seminars on topics such as international taxation and limited liability corporations. But he had his troubles -- divorce, foreclosure and bankruptcy. The letter also makes reference to an illness, which appears to be depression.
August 02, 2007 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
The letter is part confession, part apology and part practical advice. It is shocking in its honesty.
“I have embezzled funds from my clients,” business law attorney Jonathan Hoyt wrote to his son, attorney Christopher Hoyt. “Like most lawyers who fall into this trap I always did it with the idea that I would repay the funds, but of course once I started down this slippery slope there was nothing but failure waiting for me at the end.”
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