FLORIDA – Clearwater attorney disbarred for misappropriating funds
Article Courtesy of The Florida Record
By Olivia Olsen
Published May 25, 2017
Nicole Mae Frost, an attorney from Clearwater, has been disbarred by the Supreme Court of Florida after an investigation found the attorney culpable in mishandling and misappropriating client funds in two matters.
In both matters, Frost was the representative for two homeowners’ associations, Countryway Homeowners Association Inc. (Countryway) and The Greens of Countryway Homeowners Association Inc. (Greens). In July 2013, Frost received a check from a home sale for $403.63 to be dispersed to Countryway. She also received two checks on May 7, 2014, in the amounts of $313.41 and $1,518.45. In total, Frost held $2,235.49 in her client trust account for Countryway. However, at no time did Frost transfer the funds to the homeowners’ association, and in November 2013, her client trust account dropped to $829.41, according to court documents.
In addition, Frost was asked to provide an estoppel letter for Greens in 2013. The attorney failed to create the document despite numerous requests, and as a result, a homeowner filed a suit against Greens in July 2014. The complaint against Greens was filed directly to Frost on July 28, but she failed to inform the homeowners’ association. A default was entered against Greens on Aug. 6, 2014, and the motion was approved on Aug. 28. Read more: