A 57-year-old Pismo Beach lawyer was arrested on suspicion of embezzlement after an investigation into his law practice Thursday, according to the San Luis Obispo Police Department.
William Peter Terhune is suspected of misappropriating about $275,000 from one client’s estate, and police say they’ve possibly identified more victims as a result of their investigation.
Terhune's practice handles “all matters involving estate planning, elder law, conservatorships, guardianships and probates,” according to his website.
Investigators from the San Luis Obispo Police Department, the San Luis Obispo District Attorney’s Office, and California State Bar served search and arrest warrants at his home and law office in Pismo Beach on Thursday.
Investigators were looking into possible misappropriations of funds on estates his office was administrating, police said.
Terhune was arrested on suspicion of embezzlement and taking property exceeding $200,000 and was booked into County Jail in lieu of $1 million bail. According to the jail website, he hasn’t posted bail as of this afternoon.