He admitted that his IOLTA owed the trust over $4,000, which could not be reasonably forensically traced or reconciled, according to plaintiff's counsel.<br />A bench trial on damages was held resulting in the following award: converted attorney/trustee fees, $132,500; IOLTA owed the trust, $4,128.12; IRS beneficiaries' penalties, $4,022.19; IRS trust's penalties, $4,234; loss of an IRS refund because returns filed more than three years late, $12,559; 
appraisal costs, $1,250; title costs, $104; loss of investment income for violation of the prudent investor rule, $345,130.70; cost of forensic accounting, $14,400; attorney's fees awarded, $41,663.43; loss of two either misplaced or converted bonds, $20,000.