F. Lee Bailey was one of the most famous lawyers in the United States at one time, and if you were young in America at a certain time in American history, you probably knew his name. That’s why it’s all the more devastating and surprising that he lost his law license and couldn’t practice law.
In 1994, the O.J. Simpson case was going on, and F. Lee Bailey was defending him, along with a team of other lawyers. However, F. Lee Bailey still found the time to take on other cases, and one of those cases was the case of Claude DuBoc. Claude DuBoc’s case was the reason that F. Lee Bailey lost his law license. He mishandled the stocks that he was given from Claude DuBoc for his legal fees, and he would not give them up to the federal government when the time came to turn over the assets of Claude DuBoc. He believed he was entitled to the interested that had appreciated on the stock, but the federal government saw otherwise. He finally gave up his claim to the stock after spending 44 days in prison.
The plea bargain deal he made with the U.S. attorney called for him to turn over all of his assets to the U.S. government. The government accused Bailey of keeping the assets with his own personal finances, and not turning them over to the federal government as required. The stock that he had been given to manage had increased to $20 million from $6 million. He thought he deserved the appreciation of the value, but that wasn’t the case. Bailey’s brother had to end up raising the money to get him out of prison. Afterward, he could not practice law again because he was disbarred in Florida and Massachusetts. He also couldn’t get a law license in Maine. The board thought he was unfit to practice law because of a lack of honest and integrity.
The big deal with the Claude DuBoc case was in the mishandling of his client’s funds. The client was a drug smuggler, and he dealt in marijuana. He was arrested in Florida, and he ended up getting a life prison sentence. However, as part of the plea deal, he had to give up all his assets. It was in his personal interest to help facilitate the seizures, and they were complicated by practical, diplomatic, and legal difficulties. In order to take care of these issues, the government got into a weird and strange agreement with F. Lee Bailey. Mr. Bailey would his asset forfeiture, and Mr. Duboc would transfer about 600,000 shares of stock to Bailey, that he could use to transfer and maintain Mr. Duboc’s foreign assets. An attorney testified that the work that Bailey was supposed to do was extraordinary. However, the agreement was not written down on paper. It goes along with the old adage that verbal contracts aren’t worth the paper they’re printed on. The government had some serious problems with how Mr. Bailey dealt with the funds, and they said that he converted some of the stocks for his own personal use.
Mr. Bailey really lost a lot on this deal, and he ended up losing his ability to practice law, which was very unusual for one of the most prominent lawyers in the country. No one could have imagined that the lawyer in the O.J. Simpson case would have had to stop practicing law one day, especially after seeing him on TV day in and day out during the trial. It was a horrible thing for Mr. Bailey, and he had to go through a lot. He even waited five years, and then he took the bar exam again. He didn’t accepted to the Maine Bar, however, because they thought he had problems with integrity and honesty and his character issues were glaring, some of them said. There were four that dissented in the opinion. However, it all arose from this case. It’s pretty incredible how the mishandling of one case can result in losing a law license. Even after a law practice for life, he still lost his law license. It made major news. There were a lot of reports about it on the major news reports.
Mr. Bailey also had some income tax issues with the IRS after that. Mr. Bailey represented himself in tax court, and that hurt his case. He is not a brilliant accountant or bookkeeper, but he is a brilliant orator and lawyer. That discrepancy cost him in tax court.
Mr. Bailey had had a prestigious law career, but it was tarnished by this case that sullied his whole career and dragged him down into the dust along with it. Even though Mr. Bailey was prolific with lots of books and lots of cases won over decades, and that he had several businesses, he was brought down in his law career by a little mismanagement of funds in his marijuana smuggler case. F. Lee Bailey is now 79 years old, and he’s very old to be practicing law by most people’s standards, but he was still trying to get his law license back very recently too. It’s unfair and unfortunate that such a distinguished adjudicator has to deal with such a terrible fate at the end of his life. He has participated in some of the most high-profile cases in American history, and it’s hard on the general public to lose such a hero in the legal community. He is revered for his work on the O.J. Simpson trial, and he was seen to be a hero for the undergo in a lot of cases throughout his career. It’s sad that he lost his law license and then couldn’t even get it back when re-applied. Who knows what could have happened in the interim period when he lost his law license that could have further distinguished his legal career? He might have taken on a lot more high-profile cases that could have had even more of an impact on American society.