20 January 2014

Attorney Disbarred For Taking $750,000 From Trust


La Jolla lawyer disbarred for taking more than $725,000 in trust funds

A La Jolla lawyer who once represented the wife of disgraced Congressman Randy “Duke” Cunningham was disbarred Oct. 28 for misappropriating more than $725,000 from a family trust and partnership. 

JAMES A. MACY [#57677], 64, lost his license for also not complying with a disciplinary order stemming from his admission that he mishandled funds belonging to Nancy Cunningham.

In that case, Cunningham hired Macy to handle a variety of issues arising from her husband’s arrest, including disputes with the IRS and a civil forfeiture action. (Cunningham resigned his seat in Congress in 2005 after pleading guilty to taking more than $2 million in bribes.) Mrs. Cunningham gave Macy $31,000 cash and a check for more than $98,000 to hold until the federal government determined if it had a claim to the funds. In the end, Macy claimed legal fees of more than $158,000.

He was suspended and placed on probation in 2010 after stipulating that he failed to account for or properly maintain client funds and that he placed the cash in his safe rather than in a client trust account.

Read more: 
http://www.calbarjournal.com/January2012/AttorneyDiscipline/Feature.aspx

WOW! 

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