Friday, September 25, 2009

No Forwarding Address

The Louisiana Supreme Court disbarred an attorney who had "engaged in a bond trading program wherein investment funds were to be maintained in an offshore account and used as collateral by foreign investors engaged in day trading." The attorney had been sued by his investors, who were able to obtain multi-million dollar worthless judgments. The bar complaint came from an investor who received a $150,000 check from the attorney's trust account that the attorney knew had been written with insufficient funds. (Mike Frisch)

Bar Discipline & Process | Permalink

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