P O Box 192991
San Francisco, CA 94119-2991
3 March 2010 | Active (15 years, 3 months ago) |
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3 December 2009 | Not Eligible To Practice Law in CA (15 years, 6 months ago) |
9 March 1982 | Active (43 years, 3 months ago) |
9 January 1969 | Admitted to The State Bar of California (56 years, 5 months ago) |
December 3, 2009 STEPHEN CORBIN BECKER [#42701], 66, of San Francisco was suspended for two years, stayed, placed on two years of probation with an actual 90-day suspension and was ordered to take the MPRE within one year and comply with rule 9.20. The order took effect Dec. 3, 2009. Becker stipulated that he misused his client trust account by funneling third party checks through the account in exchange for a 7 percent fee, knowing the 68 payees were not his clients. He did not deposit the checks for the purpose of holding funds on behalf of a client.Becker received an unsolicited request in 2005 from an individual in Buenos Aires named Salomon Fridman. Becker ultimately agreed to deposit a series of checks sent by Fridman and in turn wire the money, less his 7 percent fee, to a New York branch of an Uruguayan bank in the name of two other people.He deposited in his trust account 68 checks totaling $1,033,950. No check bore Fridman’s name. He collected fees totaling $53,282 and wire transferred $707,597 to the Uruguayan bank. At least 22 checks were forged.Becker was notified of the forgeries by the Bank of America, which placed a hold on two operating accounts he held and eventually closed his trust account which was overdrawn by $447,807.39. At the time of the stipulation, Bank of America had paid $656,118.56 to the issuing banks of the 22 forged checks. Even after a $45,049.09 offset from Becker’s other accounts with Bank of America, BofA sustained a total loss of $611,069.57 due to the forgeries. Becker has not paid any of that amount.Becker was privately reproved in 1993. |