IOLTA

8 ABA Journal IOLTA articles.

SEC alleges Las Vegas lawyer shot by FBI was part of a $449M Ponzi scheme

The U.S. Securities and Exchange Commission alleges in a lawsuit that a Las Vegas lawyer and his law firm were involved in a $449 million Ponzi scheme that sold investments in fictitious insurance tort settlements.

Apr 14, 2022 11:45 AM CDT

Once-prominent disbarred lawyer sues bank for allegedly failing to stop his employee’s embezzlement

A once-prominent lawyer in Washington, D.C., has sued PNC Bank for allegedly ignoring “red flags and serious irregularities” that allowed an employee to embezzle money from him.

Apr 13, 2022 2:18 PM CDT

Escrow officer accused of transferring nearly $2M to scammer gives up license as limited practice officer

An escrow officer in Washington has given up her certification as a limited practice officer after she was accused of wiring nearly $2 million in client escrow funds to a scammer.

Mar 10, 2022 11:03 AM CST

Lawyer shot and injured by FBI agents admitted orchestrating $300M Ponzi scheme, prosecutor alleges

A lawyer shot and injured by FBI agents last week confessed to orchestrating a $300 million Ponzi scheme, a federal prosecutor told a judge. The lawyer has been charged with assault on a federal officer for allegedly waving a gun at three FBI agents.

Mar 9, 2022 12:39 PM CST

Lawyers in 2 states sanctioned over association with national bankruptcy law firm

Updated: Lawyers in Iowa and Virginia have been sanctioned for their association with a national bankruptcy law firm accused of using high-pressure tactics to sign up clients.

Feb 14, 2022 1:59 PM CST

Weekly Briefs: Biden describes 4 potential SCOTUS nominees; US liable for over $230M in church shooting

Biden does ‘deep dive’ on ‘about 4’ potential SCOTUS nominees

President Joe Biden told NBC Nightly News on Thursday that he has done a “deep dive” on “about four” potential…

Feb 11, 2022 2:23 PM CST

Judge admits she presided in court while ineligible to practice law

A part-time municipal judge in New Jersey has acknowledged that she presided in trials and represented clients while ineligible to practice law.

Feb 9, 2021 2:41 PM CST

Legal aid programs likely to be hard hit by drop in IOLTA funds, group warns

The National Association of IOLTA Programs is sounding the alarm about an expected drop in funds from Interest on Lawyer Trust Accounts and other sources that support legal aid programs.

Apr 3, 2020 9:41 AM CDT