Monday, January 27, 2014

Three's Company

An attorney who agreed with a married couple who were his "friends and clients, but who were not lawyers" to form a law firm under his name was disbarred by the Georgia Supreme Court.

A special master found that the couple contributed funds to the law firm, that one served as CFO and the other in daily business operations. There was no written documentation of the arrangement.

The couple never got profits or repayment of their contributions. The law firm went bust.

In addition to violations of Rule 5.4, the attorney took a loan from the clients to pay back taxes in Florida. He gave as collateral property he did not own.

The special master found that he had acted deceitfully. (Mike Frisch)

 

http://lawprofessors.typepad.com/legal_profession/2014/01/threes-company.html

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