The 1990s movie Empire Records was not well received by film critics. However, it has become a cult classic for fans. The movie starts with an employee of an independent music store taking money from the store safe and heading to a casino. Naturally, the employee loses big at the tables and all the money is lost.
Without that money, the store will need to be sold to a large chain. However, since this is a movie, the store employees come up with a way to raise money and save the store. The employee who gambled away the money is not punished. Everything presumably goes on as before, after the movie finishes.
When someone gambles with other people’s money in real life, the results are usually different, as a story in the Sacramento Bee illustrated “Woman accused of cheating trustees, spending their money on Vegas gambling trip.”
A Sacramento woman was acting as a fiduciary of a trust that owned a piece of real estate. She sold the property for $300,000. That money was supposed to go to the beneficiaries. However, she only gave the beneficiaries $30,000 and kept the rest for herself. She used the money to pay off debts and go gambling in Las Vegas.
Trustees, of course, are handled differently than fictional music store employees. Trustees have legal duties and, if they do not fulfill those duties, they can face criminal punishment. If she is convicted, the woman faces up to 20 years in prison.
Reference: Sacramento Bee (May 30, 2018) “Woman accused of cheating trustees, spending their money on Vegas gambling trip.”
I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.
The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!
Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.
Josh Nelson, and his staff, have been amazingly helpful to our family. The ins and outs of nursing homes, the rules and regulations that govern Medicare and Medicaid are daunting and the folks at Nelson Elder Care Law have been informative, responsive, and above all, empathetic. I cannot emphasize enough how their service has taken a weight off of our shoulders especially during a world pandemic that has targeted nursing homes across our country. I highly recommend retaining Josh and his firm!
I had a simple legal question to them that I needed answered and they very helpful in giving me the information I needed. I highly recommend them and will reach out to them if I need more advice or assistance. Thank you for taking your time to just answer a couple of questions I had!