Attorney Lawrence Lynch of Iowa City; ethical ogre
The state of Iowa provided Lawrence L. Lynch with a law license in 1971 after he graduated from the University of Iowa Law School.
The Iowa Supreme Court Disciplinary Board found Larry guilty of the following misconduct.
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Borrowed money to prop up troubled real estate investments
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Failed to obtain clients' written informed consent to the financial transactions or
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Failed to advise them to retain independent counsel
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Continued to represent them after borrowing the money
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Borrowed $177,000 from clients without disclosing his financial situation
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None of the principal on said loans has been repaid
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Engaged in an egregious conflict of interest
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Took advantage of his clients for his personal benefit
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Client’s suffered serious economic harm as result of loans to Larry
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Client’s not only lost $177,000 Larry didn’t repay but lost $13,000 in attorney fees attempting to collect on the unpaid loans
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The terms of the loan were not fair or reasonable
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The interest rates on said loans were low for the risk involved
As a direct consequence of his misconduct, the enablers for Attorney Misfits sitting on the Iowa Supreme Court punished Larry by gifting him with a complimentary 6-month suspension of his law license.
As we speak (ca. December 2017), Larry practices with Lynch, Greenleaf & Michael LLP in Iowa City, Iowa.
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