NJ Atty struck off bar for paying cousin’s loan with client funds

By Nick Muscavage (September 20, 2021, 4:09 p.m. EDT) – An attorney formerly based in Fairview, New Jersey, was recently struck off by the state’s High Court for “concocting” a scheme in which ethics officials say that he paid a loan for his cousin’s failed real estate transaction with more than $ 100,000 of funds from a separate client.

Zak A. Aljaludi was struck from the bar in an order filed Sept. 15 by the New Jersey Supreme Court for committing a conflict of interest, failing to comply with record-keeping provisions and knowingly embezzling client funds , according to disciplinary files.

Aljaludi told Law360 Pulse on Monday that he was not aware of his delisting.

“My only…

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