Attorney Gets Law License Yanked For Gross Negligence In Losing Control Over Held Escrow Funds & Failing To Take Steps To Return Loot, Resulting In Over $300K In Client Losses
- David Q. Meyer has been disbarred by order of the California Supreme Court, according to State Bar records. Meyer was the escrow agent for an escrow firm named Ford & Weinberg. Meyer agreed to accept escrow funds from the company and put them in his client trust account.
But Meyer didn't review the terms of the escrow agreement and relied on advice of a non-attorney employee of Ford & Weinberg. In five instances, Meyer failed to maintain the funds in his client trust account, and transferred them to an account over which he had no control, states the Bar.
He committed "multiple acts of wrongdoing" through his "grossly negligent conduct" involving moral turpitude and breach of fiduciary duties, according to the State Bar. Meyer "has taken no steps to return the funds," and has taken no steps to notify law enforcement, according to the Bar. He has been ordered to pay $319,946 in restitution.(1)
For similar "attorney ripoff reimbursement funds" that sometimes help cover the financial mess created by the dishonest conduct of lawyers licensed in other states and Canada, see:
- Directory Of Lawyers' Funds For Client Protection (February 2017) (includes Canadian recovery funds, courtesy of the American Bar Association);
- Check the USA Client Protection Funds Map;
- Check the Canada Client Protection Funds Map.