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F. Lee Bailey didn't misuse McCorkle money, court rules
Associated Press
Published August 10, 2005
ORLANDO - A three-judge federal appeals court Tuesday upheld a district court decision that attorney F. Lee Bailey did not illegally use a client's money to pay for his defense.
The Atlanta ruling affirmed that Bailey, since disbarred in another case, did not illegally take more than $777,000 from a $2-million trust fund used to defend TV infomercial salesman William McCorkle, charged with swindling customers.
When Bailey was in control of the money, the government could not yet claim the right to possess it; when the government did get that right, Bailey was no longer controlling it, said the panel.
The Orlando district court had thrown out a judgment federal prosecutors won against Bailey in civil court.
Bailey was disbarred in 2001 in Florida and in 2002 in Massachusetts for the way he handled stock owned by a drug smuggler in 1994.
[Last modified August 10, 2005, 00:36:13]
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