$1.3 million claim filed against Waterloo attorney - KWWL - Eastern Iowa Breaking News, Weather, Closings

$1.3 million claim filed against Waterloo attorney

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WATERLOO (KWWL) -

Filings against a Waterloo attorney accused of stealing from clients now total more than $1.5 million, and exceed the estimated value of his estate.

Attorney David Roth worked for Gallagher, Langlas and Gallagher in Waterloo. He took his own life in September, and is accused of stealing thousands of dollars from clients by claiming he was taking their money to create conservatorships, and then spending it instead.

Wednesday, Lincoln Savings Bank (LSB) filed five claims against Roth's estate to recoup money loaned to him. Together, these claims alone hit $1.3 million. Court records indicate Roth's total estate's value at $700,000.

Previously, about about $200,000 had been claimed, including a $121,000 loan by Ed Gallagher, Jr., the founding partner of Roth's firm.

Roth's home in Hudson, and a vacation place in Clear Lake are listed as collateral on these LSB loans, as well as8 a list of 34 vehicles, including a Jaguar, snow machines, a boat and even an ambulance.

Lincoln Savings Bank's filing do not allege criminal activity.

However, other filings do. A Clarksville woman claims Roth stole $50,000 from her. Attached to her claim was a copy of the check, made out to Gallagher, Langlas & Gallagher.

When reached for comment, her attorney, Art Cady of Hobson, Cady & Cady, said, “I think he took it.”

Roth is also accused of stealing $64,000 from a Waverly widow. She received the life insurance payment after her husband was killed in a grain bin collapse.

In the wake of Roth's death, Gallagher, Langlas and Gallagher have contacted authorities, and opened an internal investigation.

The Federal Bureau of Investigation (FBI) is also involved.

Debtors have four months to file further claims against Roth's estate. Experts tell KWWL it's unlikely criminal charges will be filed, since Roth is no longer living.

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