How much did Client Protection Fund of the Bar of Maryland payout to clients in 2009?

For the fiscal year ending on June 30, 2009, the Client Protection Fund of the Bar of Maryland paid out $975,874 on 62 claims against 41 attorneys.  The reimbursement to defrauded clients ranged from $199 to $315,785.   Just 3 attorneys accounted for 57% of the $975,874 in claims paid.

The Client Protection Fund collects $20.00 from every Maryland attorney each year as an assessment.  The Fund currently has a reserve of $7 million.   The Fund limits an individual claim to 10% of its reserve.

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