The Supreme Court of Texas has accepted the resignation of a Southlake attorney who was sued last year by former clients who alleged that he advised them to invest $6.7 million in a mining and exploration company that turned out to be a Ponzi scheme.
The high court order concluded that Gregory G. Jones’ decision to resign in lieu of discipline by the State Bar of Texas was in the best interest of the public and the legal profession. The Sept. 8 order cancels Jones’ law license, orders him to surrender his bar card, and requires him to pay $30,000 in restitution to two former clients before he can seek reinstatement as an attorney.
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