Loan Scheme and Cover-up Results in Disbarment of Pasadena Attorney, 0317 CABJ, CBJ - March 2017 #05

 
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Loan scheme and cover-up results in disbarment of Pasadena attorney

No. 2017 #05

California Bar Journal

March, 2017

A Southern California attorney who concocted a scheme to get loans based on phony settlements and proved relentless in his efforts to cover up his wrongdoing has been stripped of his law license.

JAMAUL DMITRI CANNON [#229047], 40, of Pasadena, was disbarred Jan. 19, 2017 and ordered to pay $15,075 plus interest in restitution related to that scheme and for failing to repay unearned fees to client.

In his decision recommending Cannon be disbarred, State Bar Court Judge Donald F. Miles noted that Cannon’s “efforts to avoid responsibility for his actions have frequently been at the potential expense of innocent others.

“This demonstrated willingness by Respondent to jeopardize and sacrifice the interests of innocent bystanders to avoid responsibility for his own misconduct is a source of considerable concern by this court regarding the ongoing safety of the public and the profession,” he wrote.

According to the decision, Cannon was in need of money in early 2013 when he came up with a plan to get “settlement advances” from various companies that loan money to attorneys who are in line to receive contingency fees from personal injury settlements. Though primarily a family law practitioner, Cannon had been involved briefly in a personal injury matter and used that knowledge to apply for the advances.

Cannon obtained a $30,000 advance from Alliance Legal Solutions based on false information, namely that he had just settled the matter on behalf of his client for $320,000. Soon after, he tried to obtain a settlement advance from a second company, Lawyers Funding Group, but they refused to loan him anything after he submitted two very different versions of what he claimed was the settlement agreement.

Lawyers Funding notified Alliance of their concerns but by that point Alliance had already given Cannon the $30,000, the decision said Cannon agreed to return the money to Alliance but only repaid them $1,000.

Cannon received another $15,000 from Peachtree Funding, which deposited the money in his client trust account believing...

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