In re Walter E. Demond
On September 26, 2011, the Board of Disciplinary Appeals signed an agreed interlocutory order of suspension against Austin attorney Walter E. Demond, 63, State Bar of Texas Card No. 05736600. On or about June 15, 2011, Demond was found guilty of misapplication of fiduciary property, theft, and money laundering, Intentional Crimes as defined in the Texas Rules of Disciplinary Procedure, in case number CR-1016 Counts I, II and III styled, The State of Texas v. Walter Demond, in the 424th Judicial District Court of Blanco County, Texas. Demond was sentenced to 10 years in the custody of the Institutional Division of the Texas Department of Criminal Justice. The court suspended the confinement and placed Demond on community supervision for 10 years and ordered him to pay a fine in the amount of $10,000 and court costs in the amount of $378 and restitution of $212,000.00 for each count (Demond is jointly and severally liable for $86,000 of the restitution), to run concurrently. As a condition of community supervision, Demond was to be confined to the Blanco County Jail for 140 days as to count I, 180 days as to count II and 180 days as to count III, said terms of confinement to run consecutively.
Demond appealed the conviction. The criminal appeal is now final and the Court of Appeals for the Third District affirmed the conviction for misapplication of fiduciary property and money laundering. The conviction for theft by deption was reversed and the 180 days' confinement was eliminated. On October 20, 2015, the Texas Supreme Court accepted Mr. Demond's resignation in lieu of discipline by Miscellaneous Docket No. 15-9212. BODA cause no. 48985.
