Email Scam Targets IOLTA Accounts

The Tennessee Bar Foundation reports that an email scam is popping up across the country warning lawyers that their IOLTA account has “insufficient funds” to pay an outstanding check. Barri Bernstein, executive director of the foundation – which administers the IOLTA program in Tennessee – said today that the sender claims to be National Bankruptcy Services LLC of Dallas. And that while several different names are used to sign the email, all versions refer to a check of approximately $19,000. Anyone who receives such an email should not open it or click on the attachment, which is presumed to contain malware.