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Florida Disbars F. Lee Bailey Over Stock Funds

Date: November 22, 2001
Author: * Staff Writer(s)
QUOTE: ...the Florida Bar contended that Mr. Bailey knew all along that he was given control of the stocks with an understanding that they would be turned over to the federal government.

ABSTRACT: The US government maintains that the interest from $6 million in stock that Attorney F. Lee Bailey was managing for a drug-smuggling client was rightly his as payment for services rendered, while the government claims it was the government's and that Mr. Bailey misappropriated the funds.  Now Mr. Bailey has been disbarred at the government's hand and may not reapply to the Florida Bar for the next five years.

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