In the Matter of Diana Y. McDonald

CourtSupreme Court of Georgia
DecidedJune 11, 2024
DocketS23Y1195
StatusPublished

This text of In the Matter of Diana Y. McDonald (In the Matter of Diana Y. McDonald) is published on Counsel Stack Legal Research, covering Supreme Court of Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In the Matter of Diana Y. McDonald, (Ga. 2024).

Opinion

NOTICE: This opinion is subject to modification resulting from motions for reconsideration under Supreme Court Rule 27, the Court’s reconsideration, and editorial revisions by the Reporter of Decisions. The version of the opinion published in the Advance Sheets for the Georgia Reports, designated as the “Final Copy,” will replace any prior version on the Court’s website and docket. A bound volume of the Georgia Reports will contain the final and official text of the opinion.

In the Supreme Court of Georgia

Decided: June 11, 2024

S23Y1195. IN THE MATTER OF DIANA Y. MCDONALD.

PER CURIAM.

This disciplinary matter is before the Court on the Report and

Recommendation of the State Disciplinary Review Board, which

recommends that we adopt the Report and Recommendation of

Special Master Delia T. Crouch. The Special Master recommended

disbarring Respondent Diana Y. McDonald for violations of Rules

1.5 (a); 1.8 (e); 1.15 (I) (a), (c), and (d); 1.15 (II) (a) and (b); 4.1 (a);

7.1 (a); 7.5 (a) and (d); and 8.4 (a) (4) of the Georgia Rules of

Professional Conduct (“GRPC”), see Bar Rule 4-102 (d).1 McDonald

1 The maximum penalty for a single violation of Rules 1.5 (a); 1.8 (e); and

7.5 (a) and (d) is a public reprimand, while the maximum penalty for a single violation of Rules 1.15 (I) (a), (c), and (d); 1.15 (II) (a) and (b); 4.1 (a); and 7.1 (a) and 8.4 (a) (4) is disbarment. filed general exceptions to the Review Board’s Report and

Recommendation, arguing that disbarment is not the appropriate

discipline. She also filed a document styled as a “Petition for

Voluntary Retirement,” in which she requests that she be

“transferred to retired status” in lieu of being disbarred. The Bar

responded to both filings. After consideration of the entire record in

this matter, we dismiss McDonald’s petition for voluntary discipline

and order that she be disbarred for her violations of the Georgia

Rules of Professional Conduct.

Factual Summary

Although the record in this case is large and comprehensive,

the general facts are that McDonald, a solo practitioner who joined

the State Bar of Georgia in 1985, did business both as the McDonald

Law Group, LLC and Law Offices of Diana McDonald, LLC.2 She

2 McDonald admitted that she identified her firm as a “law group,” even

though she was a solo practitioner. She testified that, at one point, another attorney had practiced with her, but that attorney left the firm in 2018. She continued practicing as a “law group” through the events leading to this disciplinary matter, which occurred in 2019.

2 maintained IOLTA accounts at Wells Fargo Bank in the name of

both businesses.

In the course of her practice, McDonald provided legal advice

to a client who purported to conduct deals wherein the client was to

provide goods or services to third parties in exchange for payment.

As early as 2017, McDonald agreed to act and did act as an escrow

agent for several of those deals. Despite the facts that none of the

client’s deals seemed to close smoothly and that the third parties in

most, if not all, of those deals complained to McDonald about not

receiving the promised goods or services, McDonald again agreed in

early 2019 to act as the escrow agent in a deal wherein her client

and his associate promised to sell 1,000 Bitcoin to a third party

through intermediary companies.3

On January 3, 2019, the third party in this deal transferred

$4,000,000 into one of McDonald’s IOLTA accounts with the

understanding that it would be held in escrow and not released until

3 The agreement appeared to contemplate the exchange of up to 1,500

Bitcoin in several tranches, with the first tranche of 1,000 Bitcoin to be delivered on January 4, 2019.

3 the promised Bitcoin was confirmed to be in the third party’s “digital

wallet”—an event which all parties expected to occur quickly, but

which all parties now agree never happened. Several days later,

after no Bitcoin was delivered, the third party, through its attorney,

reached out via email to McDonald, demanding return of its funds.

In responding to the third party over the next several days,

McDonald first encouraged it to provide her client with additional

time to deliver the Bitcoin, assuring the third party that her past

experiences with her client gave her faith that her client would

deliver, but that, if he did not do so, she would commence the process

of transferring the third party’s escrowed funds back to it on

January 8, 2019.

Then, on January 9, 2019, after the third party again

demanded return of its $4,000,000, McDonald informed the third

party that she had received confirmation from her client that the

Bitcoin would be delivered “before the end of business today”;

represented that, “[a]s a gesture of good faith and recognition for the

delay,” she had negotiated with her client to deliver 2,000 Bitcoin,

4 instead of the 1,000 for which the third party had paid; and assured

the third party that its funds were “safe and protected.” In mid-

January, the State Bar became involved at the third party’s request

in trying to obtain assurances from McDonald that she still had the

$4,000,000 in her IOLTA account. McDonald advised the Bar that

her client represented to her that he had sent the Bitcoin, and that

he needed time to investigate why the Bitcoin had not shown up in

the third party’s digital wallet. She assured the Bar that the matter

would be resolved by the end of the business day on January 15 and

that “the funds [we]re safe.” The Bar responded to McDonald

informing her that it was relieved to hear that “the money was still

safely in [her] trust account,” and reminding her of her fiduciary

duties under Rule 1.15 (I).4

On January 18, 2019, the third party filed a formal grievance

against McDonald with the Bar, and the Bar forwarded it to her by

4 McDonald took no steps to correct the Bar’s mistaken belief that the

funds were still in her trust account. She later admitted that she did not do so because she did not want to lie to the Bar and knew that if she told the truth, things would “kind of blow up.”

5 email, asking directly whether the $4,000,000 was still in her IOLTA

account.5 McDonald did not respond to the Bar’s email, but, on

January 18, she wired $2,000,000 to the third party. The rest of the

money, however, would not be transferred because, as it turns out,

McDonald had begun transferring the third party’s money out of her

IOLTA account to different recipients on the same day she received

it. By January 7, when she assured the third party that its funds

were “safe and protected,” she had already disbursed approximately

$2,000,000 of the third party’s funds out of her IOLTA account to

herself and others unaffiliated with this transaction. In fact,

although the third party never authorized the transfer or

disbursement of any of its funds except upon conclusion of the deal,

and although McDonald never notified the third party of her

intention to transfer any of its money out of her account, on January

5 That grievance led to the issuance of a Formal Complaint, see Bar Rule

4-211, which was properly served on McDonald and timely answered by her. After a lengthy discovery period, the Bar moved for summary judgment, which was granted as to the violations still at issue in this matter.

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