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The SRA & SDT have learnt absolutely nothing from the Ecohouse fraud case which involved solicitors releasing funds from escrow without any due diligence and inflicting £33 Million in losses to their clients over the course of 2.5 years.

If an escrow facility is dubious why don't the SRA ban its use or properly regulate the facility? (there are no specific escrow related regulations)

Here we go again, the SRA failing to allege dishonesty when a client's funds have been misappropriated in order to avert claims against the SRACF.

What's the point of merely issuing warnings or bulletins on the SRA's website regarding 3rd parties requesting solicitors to act as escrow agents? - many solicitors don't read them and the solicitors complicit in the Ecohouse fraud certainly didn't, as confirmed at their hearing.

The SRA are up to their usual dirty tricks, cheating misconduct victims out of SRACF compensation by making lesser allegations of "Failure to account".

If a solicitor releases client funds from account without providing a legal service, that is misappropriation and should be regarded as dishonest. It breaches several SRA principles. The SRA failing to allege dishonesty compromises what justice can be brought and cheats misconduct victims out of compensation because insurers won't indemnify acts of dishonesty whether the SRA alleges it or not.

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