The People of the State of Colorado, Philip M. Kleinsmith

Summary

The Hearing Board concluded that Respondent knowingly and intentionally converted funds that his bank client had paid for title services, instead of remitting those funds to the title company. It upheld summary judgment on the violations involving failure to deliver third-party funds and dishonest conversion, and imposed disbarment, restitution, and costs. The Board found substantial aggravation and no mitigating circumstances warranting a lesser sanction.