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Lawyer’s $8.5M Frozen Over Trust Fund Abuse | Edmonton News
Description
A judge in Alberta has frozen $8.5 million in assets tied to lawyer Jeffrey Rath after the Tallcree First Nation accused him of misusing their trust funds—specifically, a suspicious $8.5 million payment to his own firm in November 2025, violating prior court orders. The court is probing whether Rath personally breached his fiduciary duty, warning that without intervention, irreparable harm could be done to vulnerable beneficiaries, many of them children. Rath has remained silent, and his team offered little resistance to the freeze. The First Nation’s legal team vows to fight aggressively to recover the funds, while authorities suspect Rath may be actively concealing assets through tactics like changing auditors and manipulating financial records. Complicating matters, Sturgeon Lake Cree is also investigating Rath for potential diversion of their trust funds. The full investigation is expected to conclude by August 11.
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