Monday, January 16, 2012
An attorney who accepted loans from two clients without advising them to seek independent legal advice received a stayed six-month suspension in Colorado. he also had misrepresented the purpose of one of the loans.
He also got some advice from the Hearing Board, quoting the Bard of Avon:
Polonius' familiar advice to "[n]either a borrower nor a lender be" is particularly apt in the context of an attorney-client relationship.
The attorney will serve a three-year period of probation that will require him to keep a honor a repayment schedule and report the payments to disciplinary authorities. (Mike Frisch)