Opinion ID: 2137456
Heading Depth: 1
Heading Rank: 6

Heading: SCHACKOW and KRAMBEER CHARGES

Text: In 1981, Goetz persuaded Robert and Benita Schackow to invest $100,000 through him. From the time they gave him the money until the end of February 1989, Goetz provided sham documentation showing the Schackows' investment had grown to $181,888.44. Goetz took the money for his own use. Goetz represented Ethel and Edwin Krambeer. Goetz convinced the Krambeers that there would be tax advantages in liquidating certificates of deposit and investing the money through Goetz. He received $100,000 from the Krambeers, which he deposited in his trust account. Goetz pilfered the account. By October 1987, the balance was $15,623.77, and Goetz had made no investments on behalf of the Krambeers. Goetz told the Krambeers he had invested the money through specific brokerage firms, when he had not. He told the Krambeers he had initiated a federal investigation into one of the companies in which the Krambeers' money was invested, when no investigation was started. Goetz told the Krambeers he was filing a claim against his insurance policy on behalf of the Krambeers, when no claim had been filed. When the Krambeers contacted law enforcement and bar authorities respecting Goetz's conduct, Goetz promised to restore the Krambeers' money in exchange for their refusal to further cooperate with the authorities. Goetz persuaded Ethel Krambeer to lie to Goetz's wife and Goetz's attorney, telling them that she had received her money from Goetz and that she was satisfied with Goetz' representation. The hearing panel found that Goetz was dishonest and deceitful to these clients and that Goetz interfered with its investigation in violation of NDCPR DR 1-102(A)(4), (5), (6); NDPRLDD 1.2(A)(3), (8).