Membership is FREE – with unlimited access to all features, tools, and discussions. Premium accounts get benefits like banner ads and newsletter exposure. ✅ Signature links are now free for all. 🚫 No AI-generated (LLM) posts allowed. Share your own thoughts and experience — accounts may be terminated for violations.
I hear you're a great lawyer.
But I also hear that some of your clients use your connections & IOLA trust fund to misrepresent the actual deals, say xx,xxx as a xxx,xxx deal.
If that was NASDAQ the SEC would've poked around by now
I hear you're a great lawyer.
But I also hear that some of your clients use your connections & IOLA trust fund to misrepresent the actual deals, say xx,xxx as a xxx,xxx deal.
If that was NASDAQ the SEC would've poked around by now
An IOLTA account is simply a designated bank account owned, in the case of a Pennsylvania attorney, by the State IOLTA Board, and in which an attorney can have clients deposit funds so that client funds are held separate from the attorney's own business or personal accounts. IOLTA accounts are also used for receiving and disbursing settlements and payments on behalf of clients.
I can't understand how someone would "use my connections & IOLTA trust fund" to misrepresent anything, as they would not have access to the account in the first place. If someone is making a misrepresentation about a deal in which I provided escrow services, that's their problem I guess.