The complaint filed in Barr in Florida alleges that Barr Chairman Roland Sanchez Medina misused $625,000 in a real estate transaction.
The Florida bar has admitted to the Miami Herald to publicly grievances about Sanchez Medina denying fraud.
“I assert and explicitly refuse to misappropriate $625,000,” Sanchez Medina said in an email to the Miami Herald. “I have responded to a complaint denying the charges.”
Sanchez-Medina’s answer refers to three different answers he gave about money. You are paid to one company, sitting in a law firm trust account, and paying to another company.
Sanchez-Medina works at Smgq Law, a coral gable company that received the first two letters from “Sanchez-Medina.” He joined Bar in 1992, serving as president of the Cuban-American Bar Association and was sworn in June last year as Florida bar president.
In addition to stating that the complaint was publicly available, Barr did not disclose the status of the investigation. However, Sanchez-Medina is required to have financial data and bank records.
Clip, Sherman Campbell, Key Location and $625,000
The complaint filed by Christos “Nicko” Christidis of Homestead on November 15, 2024 relate to Sanchez Medina’s conduct in a July 2018 commercial real estate transaction between KLIP, LLC and Robert Morgan III Sherman Campbell and LLC. That led to numerous civil lawsuits, along with Barr’s complaints.
State records at the time listed Somia LLC of Christidis as Klip’s manager, and William Holly’s Tyg, LLC as a certified member of Klip.
Klip was purchasing insurance business, Underwriters Inc., as well as a two-storey commercial building on 102481 overseas highway. at Key Largo for $1.4 million from Morgan’s Company.
According to Christydis’s complaint, Sanchez Medina held $625,000 of the $1.4 million trust account in the real estate transaction while acting as Clip’s attorney, but was never handed over to Morgan. In Miami-Dade’s lawsuit against Sanchez Medina and Holly, Christydis and Morgan said the money never reached Morgan.
The lawsuit accused $625,000.00 of escrowholdback released to (Morgan) on July 13, 2018 at the end of the sale of the asset purchase agreement, “a liar and lying in the “verbal and first closing statement” drafted by the oral and first closing statement (Santchez Medina).
According to a Christdis complaint, Sanchez Medina wired $539,021 out of $625,000 to Belcom, a company owned by Holly’s partner Jack Barabi.
Sanchez-Medina’s January 7th response to Barr’s complaints written by Gwendolyn Daniel of Smith, Tozian, Daniel and Davis, refused Sanchez Medina to represent KLIP in the transaction. It also said that the $539,021 came from Actis Miami Corp in Berrebi (main address: Alhambra Circle Law Office in SMGQ) and “related to another transaction.”
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“As Christdis knows well, $539,021 has nothing to do with $625,000. This is still trusted.”
It was submitted on January 7th. That’s not what Sanchez Medina said on February 11th.
Where do you say Sanchez Medina is?
The January 7th response section describes what Sanchez-Medina said during the 2023 deposit in the section heading “$625,000 buyer holdback remains protected in SMGQ trust accounts.”
Pointing to the time gap between the original transaction in 2018 and the deposit in 2023, a lawyer for Sanchez Medina said, “I hadn’t refreshed any memories of the KLIP transaction that occurred almost five years ago.
“Since then, Sanchez-Medina confirmed that $625,000.00 remained protected and not paid for the ongoing dispute subject to aggressive litigation.”
However, Morgan’s amendment lawsuit includes a February 11 amendment written by his lawyers by Sanchez Medina.
“Unfortunately, after reviewing additional documents, Sanchez Medina realized that the funds were paid shortly after the closure in 2018, at the direction of William Holly, a 50-50 member of KLIP,” the response states. “On July 26, 2018, Holly, who ran the closing document on behalf of KLIP, instructed Sanchez Medina to issue a cashier check for $687,130.71 to the Broward County Property Appraiser’s office for the benefit of JB Green.
“On July 27, 2018, Mr. Holly’s check for $62,130.71 was deposited for $62,130.71,” the response continued. “This amount was combined with a $625,000 pending amount to cover the cashier’s check for $687.130.71. Mr. Holly was partial owner of JB Green, and Mr. Christian managed the building owned by JB Green.”
Also, according to a response from February 11, Sanchez Medina reconsidered the asset purchase agreement, saying that “it refreshed his recollection that his company represented KLIP in a potential acquisition of insurance assets six years ago.”
However, he says he “provided no legal services including KLIP” and that he received attorneys’ fees “in connection with the closure” from anyone.
