Magee was charged with transferring $682,821 to his bank accounts from a client’s approximate $3 million trust account
Ohio Lawyer Neal “Bud” Magee II Disbarred Over $683,000 Taken From Trust
A Dublin lawyer accused of raiding a trust account and stealing hundreds of thousands of dollars was disbarred Thursday by the Ohio Supreme Court.
Neal “Bud” Magee II, 77, who has practiced law since 1966, was ordered to pay $312,899 in restitution to the trust and its beneficiaries and legal fees for the new trustee.
The court revoked his law license by a 6-0 vote, with Justice Mary DeGenaro not participating in the case brought by the Columbus Bar Association.
Magee was charged with transferring $682,821 to his bank accounts from a client’s approximate $3 million trust account between 2009 and 2013.
It also was found that he charged $148,839 in excessive trustee fees and $34,310 in legal fees. Magee returned $415,000 to the account after an investigation began in 2016.
The trust established by the late Dr. William A. Bruce was designed to ultimately provide three-fourths of its money to Nationwide Children’s Hospital Foundation and the remainder to Goucher College in Towson, Maryland.
Magee was accused of altering the terms of the trust without consent and failing to file reports with a court in Delaware County, where Bruce died.
Magee invoked his Fifth Amendment right to avoid answering questions during the investigation into his misconduct. He attempted to resign during proceedings, but his resignation was rejected. He was inactive as a lawyer prior to his disbarment Thursday. He agreed to being disbarred, the court filing said.