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Crowell & Moring reimburses client, releases statement on fugitive associate

Law firm settles with company whose escrow funds were missing due to former employee’s misconduct

As Crowell & Moring continues to reel from the misconduct of one of its former employees, the law firm is making strides to amend relationships with its wronged clients.

In September, Regal Real Estate discovered that $4 million was missing from one of its escrow accounts maintained by Crowell & Moring. The discovery coincided with the resignation of Douglas Arntsen, who had been an associate at the firm since 2007. Arntsen admitted to taking some of the missing money and promised to return it. Instead, he fled to Hong Kong, where authorities arrested him on charges of first-degree grand larceny.

Ashley Post

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