AZ Bar

​Exposing the State Bar of Arizona


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Trust Account Money - The Ultimate Scam

"Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world."

In existence since 1984, Arizona's IOLTA (pronounced eye-ole-ta) program is based on Arizona Supreme Court Rule 43. The rule requires all lawyers receiving client funds (ie. settlements) to maintain an interest-bearing trust account to pool client funds. The State Bar then gets to TAKE OR SWEEP THE INTEREST FROM EVERY ATTORNEY TRUST FUND!

It is a unique and innovative way to provide a slush fund to the State Bar of Arizona. The State Bar claims Without taxing the public, and at no cost to lawyers or their clients, Arizona's IOLTA program currently provides more than $2.5 million per year benefiting over 30,000 families with free legal services and reaching over 300,000 children with education about their rights and responsibilities as citizens. Its success is dependent upon the cooperative relationship between attorneys, the financial institutions, and the grantor of the IOLTA funds