The Supreme Courtroom of Georgia, the very best judicial authority of the U.S. state of Georgia, has disbarred legal professional Diana McDonald on June 11 for misappropriating $4 million from a bitcoin escrow transaction. In 2019, McDonald acted as a fiduciary for a shopper concerned in a Bitcoin deal that did not ship the promised cryptocurrency. Regardless of assurances that the funds had been protected, McDonald had diverted the cash to her private accounts, household, pals, and different entities. Solely $2.4 million was recovered by the third occasion, with $1.6 million remaining unreturned. The courtroom discovered McDonald responsible of quite a few violations {of professional} conduct, together with dishonesty, fraud, and failure to safeguard shopper funds. Her petition to voluntarily retire was denied, and the courtroom’s unanimous resolution resulted in her disbarment.
Attorney Disbarred After Misappropriating $4 Million in Bitcoin Funds
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