Disbarred Lawyer Took Client's $25K for Business Loan, Didn't Reveal Debt or Say It Was a Strip Club
Posted Mar 29, 2012 08:50 pm CDT
A lawyer who obtained a $25,000 loan from a matrimonial client has been disbarred after the Pennsylvania Supreme Court determined that he failed to reveal a number of pertinent issues as required under attorney ethics rules.
Among them, Glenn D. McGogney didn’t tell the client that the restaurant business for which he required the loan had accumulated a “staggering” amount of debt and was nearing foreclosure, explains a disciplinary board report and recommendation. It is attached to a Supreme Court order (PDF) on Wednesday that adopts the board’s recommendation that he be disbarred.
McGogney also didn’t reveal that the business was a strip club and had licensing issues, the disciplinary board says.
And his client, instead of being advised to seek independent counsel concerning the business transaction, thought McGogney was acting as his attorney in the loan matter.
Additionally, McGogney failed to diligently pursue another client’s personal injury matter, resulting in the dismissal of her claim which is now likely barred by the statute of limitations, the disciplinary board found.
Hat tip: Legal Profession Blog.