Discipline Notice - Jacob D. Lipscomb

License Number: 42977
Member Name: Jacob D. Lipscomb
Discipline Detail
Action: Resignation in Lieu of Discipline
Effective Date: 7/31/2023
RPC: 1.15A - Safeguarding Property
1.15B - Required Trust Account Records
Discipline Notice: Resignation Form of Jacob D. Lipscomb (ELC 9.3(b))
Description: Jacob D. Lipscomb (WSBA No. 42977, admitted 2010) of Renton, resigned in lieu of discipline, effective 7/31/2023. Lipscomb is aware of the alleged misconduct in disciplinary counsel’s Statement of Alleged Misconduct and rather than defend against the allegations, wishes to permanently resign from membership in the Association. The Statement of Alleged Misconduct reflects the following violations of the Rules of Professional Conduct: 1.15A (Safeguarding Property), 1.15B (Required Trust Account Records).
Lipscomb’s alleged conduct, as stated in disciplinary counsel’s Statement of Alleged Misconduct, related to his handling of his trust account. Lipscomb’s alleged misconduct includes: 1) failing to promptly pay or deliver funds to a third party that it was entitled to receive; 2) using and converting client and third party funds for his own use; 3) failing to maintain client funds in a trust account; 4) using one client’s funds on behalf of another; 5) disbursing funds from the trust account in excess of the amounts clients had on deposit; 6) failing to promptly pay and deliver funds to clients and third parties that they were entitled to receive; 7) failing to maintain a complete and current check register and client ledgers; and 8) failing to reconcile a trust account check register to the bank statements and by failing to reconcile a trust account check register to a total of client ledgers.
Marsha Matsumoto and Kathy Jo Blake acted as disciplinary counsel. Kenneth Scott Kagan represented Respondent. The online version of Washington State Bar News contains a link to the following document: Resignation Form of Jacob D. Lipscomb (ELC 9.3(b)).


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